Alternative Risk Transfer
Our focus
- Structured multi-year/multi-line solutions
- Address gaps caused by non-availability of traditional cover, e.g., Commercial Auto, Property, D&O
- Often contain elements of risk financing/profit sharing, for clients who want to retain risk, but still need to manage volatility
- Bespoke solutions that manage risk in an integrated way across lines and years
- Long term arrangements, but able to adapt as needs change
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- Captive Solutions
- Multi-line and multi-year global fronting as a stand-alone service
- Structured per event and aggregate excess of loss captive reinsurance
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- Virtual Captive Solutions
- Insurance framework designed to create the economic benefits of a captive, when an actual captive is not a viable option
Coverage
- Broad range of P&C lines of business or a combination thereof: from annual single line captive stop loss through to multi-line, multi-year insurance and reinsurance solutions
- Can include both traditional and non-traditional elements, including parametric triggers
- Global Fronting capability expands across 200+ countries and on a multi-line and multi-year basis, if needed
- Transactions up to 5 years tenure
- Capacity typically €25mn per occurrence, €50mn per annum (or equivalent in other currency), but can be lower or higher depending on structure
Restricted appetite
- Reinsurance for insurance companies
- Financial risks coverage; e.g. mortgage portfolios, capital relief
- Unmitigated credit risks
- Life insurance
- Business and systematic risks
Environmental Impairment Liability (EIL)
Our focus
- Large customers and mid-market for the sectors:
- All types of industrial processes
- Energy and Construction
- Waste management
- Water cycle
- Logistics, distribution and food
- Hotels, real estate, etc.
Restricted appetite
- Mining
- Off-shore risks
- Nuclear risks
- Fracking
Financial Institutions (D&O, crime, PI and combined products)
Our focus
- D&O and financial crime for banks, insurance and reinsurance companies, credit unions and other SME’s.
- D&O, IMI and PTL for asset managers, private equity firms and pension funds
Restricted appetite
No appetite
- POSI in the USA
- SPACs
- Medium-sized bank with scarce funding
- Cryptocurrency
- Poor ESG
Political Violence and Terrorism (PVT)
Our focus
- Commercial real estate
- Financial Institutions
- Manufacturing industry
- Construction/ Engineering Projects
- Entertainment/ Sports/ Cinema
- Pharmaceuticals/ Chemicals
- Telecommunications/ Media/ IT
Coverage
- Terrorism, Sabotage, SRCC, Rebellion, Revolution, Mutiny, Insurgency, Counterinsurgency, Coup d'Etat, Civil War, and War
- Terrorism Liability (T3L)
- Cancellation of event due to terrorism
- Active Aggressor
- Nuclear, Chemical, Biological, Biological and Radiological Terrorism
Restricted appetite
- Airports and Aerospace
- Rail Operators/Public Transportation
- Security Companies
- Nuclear Power Plants
- Religious Buildings / Places of Worship
- Government, Military, and Police Buildings
- Embassies and Consulates
Professional Indemnity (PI)
Our focus
- PI for engineering, photovoltaic renewable energies, lawyers, insurance brokers (pool partners), consulting firms
- Single Project PI (SPPI) - Project, design and build (D&B), project coordination and management
Cautious
- Professional groups
- Tax, labor and accounting consulting
- Account auditors
Restricted appetite
- Medmal and all activities in the healthcare área
- Big 4 auditing firms
- Reinsurance brokers
- Freight forwarders
- SPPI: renewable energy - biomass, stadiums, waste-to-energy and nuclear power plants
- Tailings dams, cryptocurrency, coal, poor ESG
- Architects/architectures
- Occupational risk prevention
