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Through our International Insurance Broking partners we can arrange placements directly in to the London Reinsurance Markets, with either Lloyds Underwriters or the UK Company Markets. Utilizing Reinsurers as opposed to Insurers makes available significantly more capacity permitting Reinsurers to accept large, complex risks which local Insurers either do not have the capacity to write or cannot write due to their own Reinsurance treaty restrictions and exclusions.
Placing a risk into Reinsurance Markets is a complex transaction. Such a placement referred to as Facultative Reinsurance, requires the use of a local “fronting” insurer to issue the local policy documentation.
The local policy documentation must mirror the Reinsurance contract exactly, save and except for Reinsurance clauses which will not be present on the local policy document. Any variations in the Reinsurance and Insurance contract wording may significantly affect the ability of the insured to recover under the policy.
IBWIL has a long history of arranging Facultative Reinsurance placements into the overseas Markets. You can trust us to ensure that the cover arranged will be in keeping with your requirements and most importantly is in strict compliance with local laws and regulations.