arrow_down.jpg









SUBMIT arrow_up.jpg
arrow_down.jpg




SUBMIT arrow_up.jpg

Positive Reaction To New Retro Product

Late this summer, a number of reinsurance buyers expressed significant concer n to U.S. RE over what they anticipated would be a contraction of retrocessional capacity at year-end. "To fill this expected void, we were asked to enhance U.S. RE's alternative reinsurance products to include coverage for single risk losses and/or multiple risk losses occurring in the same location, such as the World Trade Center in Manhattan," said Brian McGuire, Senior Vice President.

"The biggest obstacle to overcome when structuring this product was incorporating enough risk transfer to avoid any accrual issues as respects premium payable in future years," he added. "We ultimately prevailed in developing an effective multi-year risk cover, and we recently started making this product available to our domestic and overseas clients."