A small insurer does not have a reinsurance department. All matters related to reinsurance are handled by the company’s CFO, two underwriters and a technical accountant. The CFO is very busy and treaty negotiations with brokers and reinsurers distract from the core tasks. The size of the company does not justify hiring full-time reinsurance staff, especially given the seasonality of treaty reinsurance.
What we do
We act as our client’s fully fledged reinsurance department providing the requisite administration and technical accounting resource and expertise. We process treaty and facultative business, advise on treaty renewal negotiations and place the business, either direct or through brokers.
- Cost-efficient and flexible reinsurance management
- Access to specialised reinsurance expertise and global network
- Know-how transfer to permanent staff