First Re also facilitates placement of facultative risks. This process is considered useful in managing exposures exceeding the per-risk capacity provided in the original treaty arrangement or otherwise reduces the overall efficiency of treaties in terms of pricing, structure and market. Facultative Reinsurance provides alternative coverage options to help Insurance companies grow business without worries of exposing the overall underwriting results to excessive volatility from individual policy coverage. First Re has a wide scope of listed and well rated reinsurers with whom your facultative needs are addressed. Within our standards, we note to give immediate attention to placing you facultative needs effectively.
With the various angles that insurance risks are taking up today, First Re has a well developed team that understands your facultative needs immediately you present a request. We keenly examine the facultative offers and approach specific reinsurers with whom we know your needs will be conclusively addressed. Either,
- Facultative Proportional or,
- Facultative Non-Proportional
We make the best placements and advise.
Fronting of Reinsurance Cover
Where clients have no reinsurance facilities for particular risks, First Re will facilitate reinsurance placement for such special risks on your behalf.