The Property Reinsurance team writes a portfolio of Property and Short Tail Specialty reinsurance.
We write a book of property and catastrophe reinsurance, operating on a worldwide basis but have a specific focus on business emanating from the US, Canada, Europe, Japan and Australasia complemented by a portfolio of business from what can be considered more emerging insurance environments.
We consider all types of clients, from large multi-national writers through to single US State mutual companies. Due to our relatively modest line size in our early years we enjoy those programmes where our small line is more important to the client; this lends itself to more of a regional play.
We pride ourselves on our ability to understand our clients’ needs and to come up with ideas and suggestions to ensure a long and mutually profitable relationship over the years. To this end we enjoy seeing our clients in their own offices or at conferences in their home territory. In a sector that is becoming increasingly commoditised we value and appreciate the benefits that face-to-face transactions provide.
The team is conservative in nature and monitors its exposure to natural and man-made perils in terms of simple aggregation of limits in loss-prone areas before using in-house and off-the-shelf models to assist in the application of probable maximum loss calculations for internal and external portfolio monitoring. Having seen the shock losses from New Zealand Earthquakes, Thai Flooding and the like, our stated desire is to not be exposed to a loss that we have not calculated the potential magnitude of.
Short Tail Specialty
We underwrite a book of North American Crop Reinsurance comprising reinsurance of Multi Peril Crop Insurance (MPCI) and Crop Hail exposures in the US and Canada. We have the ability to quote and structure such placements and will seek to lead business where this makes commercial sense with our limited line size at this time.
This account is predominantly excess of loss reinsurance of certain Lloyd’s Syndicates and Companies who have shown discipline in navigating this complex class as evidenced by top tier exposure management systems and strong underwriting discipline and results.