Some risks require greater capacity or participation from more than one insurance market. HSJ supports arrangements where risk-sharing, additional capacity or specialist participation is required.
HSJ looks at the nature, value and complexity of the risk and helps structure the relevant market participation.
Reinsurance allows an insurer to transfer part of an insured risk to another insurance undertaking, helping provide additional capacity for significant or specialised risks.
Co-insurance involves two or more insurers participating in the same insured risk, with each participating insurer taking an agreed share.
HSJ supports large, complex, specialist and higher-value risks by understanding the requirement and coordinating the relevant insurance market participation.
Establish the nature, value, complexity and characteristics of the risk.
Determine the level of insurance capacity required.
Help structure the risk for appropriate market participation.
Approach suitable insurers, co-insurers and/or reinsurers where appropriate.
Support communication and documentation required for the placement.
Remain involved in relevant servicing and communication throughout the arrangement.
Slide to change the lead insurer’s share and see how the rest is spread.