Risk management
Reinsurance solutions
Maximising capital efficiency
Managing risk and maintaining financial stability with our reinsurance solutions
Reinsurance solutions are essential tools for insurance companies to manage risk and maintain financial stability. By transferring portions of their risk portfolios to other companies, primary insurers can safeguard against significant losses from large claims or catastrophic events. Reinsurance solutions come in various forms, including treaty, which covers a broad range of policies under a single agreement, and facultative, which addresses specific, high-value, or unusual risks on a case-by-case basis. At ckre, we offer both.
Partnering with ckre for our reinsurance needs has been a game-changer. Their expertise and dedication to finding the perfect solutions have provided us with unmatched peace of mind. We now have the confidence to expand our offerings, knowing that we're backed by a team that truly understands our business and its unique challenges.
Treaty reinsurance
Covering an entire category of risks under a single contract
We provide global, regional and domestic insurance and reinsurance companies with treaty programmes tailored to our clients’ needs and to maximise their capital efficiency. Our aim is for our clients to have the confidence to manage and grow their business safe in the knowledge that their business is adequately protected. Our wide ranging treaty expertise covers, amongst others, the following areas:
Bonds, Credit & Surety
Contractors & Erectors All Risk
General Liability and Employers’ Liability
Machinery Breakdown
Marine
Medical Expenses
Motor
Personal Accident
Property
Facultative reinsurance
Reinsuring a specific individual risk or a set of risks.
Facultative reinsurance is a type of arrangement in which a primary insurer (the ceding company) and a reinsurer enter into a contract to reinsure a specific individual risk or a set of risks. This approach contrasts with treaty, where a pre-negotiated agreement automatically covers a whole category or portfolio of risks. Key characteristics of facultative include:
Each risk is individually assessed and negotiated between the ceding company and the reinsurer. The reinsurer has the option (hence “facultative”) to accept or decline the risk.
Facultative reinsurance allows for tailored terms and conditions to meet the specific needs of the ceding company and the nature of the risk.
Due to the individualised nature of the contract, each risk undergoes a detailed underwriting process. This often involves a thorough analysis of the risk’s characteristics and the ceding company’s claims history.
Facultative is typically used for large, complex, or unusual risks that may not fit within the standard terms of a treaty reinsurance agreement. Examples include large infrastructure projects, significant commercial properties, or high-value liability risks.
Facultative reinsurance offers more flexibility compared to treaty reinsurance, as it allows insurers to obtain reinsurance for risks that are not covered by their existing treaties or that exceed the limits of their treaties.
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Get in touch
We understand that navigating the complexities of insurance and reinsurance requires a trusted partner with expertise, dedication, and a commitment to excellence. Whether you are seeking comprehensive coverage solutions, expert risk management advice, or simply have questions about our services, our experienced team is here to help. We pride ourselves on providing personalised, responsive service tailored to meet your unique needs. Contact us today to discover how we can protect your assets, mitigate risks, and support your long-term success