Property Treaty Reinsurance
At Canopius, when addressing property treaty reinsurance, we don’t try to create complex solutions before understanding the problem. We always work closely with both our clients and broker partners: listening, questioning and speaking plainly, to find practical solutions by working together in a collaborative manner. This approach is especially important when it comes to property treaty reinsurance, ensuring that we provide tailored, effective solutions for managing property-related risks.
By sticking to our philosophy as an underwriting company, we can offer both ‘off the shelf’ products and those individual deals that require some entrepreneurial spirit that only an agile and experienced team can deliver. Our agility is our strength. This, coupled with our exceptional service, allows us to serve our clients’ individual needs.
What we do
We offer our brokers and clients a consistent and technical approach to underwriting. Our underwriters travel extensively to our broker partners and clients to maintain not only a constant dialogue but to also develop broader relationships than the transaction alone. We feel this is an important factor that is often overlooked in an ever-changing market.
Our philosophy is to identify and select the best underwriters of the original risks. We are able to provide significant capacity in both a lead and follow market basis.
Our London operation trades via the wholesale broker channel and we can offer per-risk, catastrophe, proportional and engineering treaty solutions. We write a diverse portfolio of risks that extends from single state, mutual companies through to nation-wide and world-wide exposed clients, including London market companies. We are able to offer capacity on both an annual and multi-year basis and on risk excess, we can consider accounts on both a losses occurring and risks attaching basis.
Our Bermuda office focuses on Specialty lines business, including proportional treaty and can offer parallel support to accounts supported by the London team.
What sets us apart
- We offer flexible product and pricing options, leadership and quoting service from our experienced team of empowered, market-facing underwriters and a professional, high-quality claims service.
- Our team provides a service to businesses around the world with London as our home base for both the US and Canadian exposed accounts, International and Engineering portfolios, supported by teams in Singapore and Sydney who deliver dedicated regional support for the local Asian and Oceania-based clients respectively.
Speak to one of our specialist underwriters – select from the regions below
FAQs
What is Property Insurance?
Property insurance is a type of insurance that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. This type of insurance can cover a range of incidents, including natural disasters, fire, theft, and vandalism. There are various forms of property insurance, each designed to cover different types of property and risks.
What is reinsurance?
Reinsurance is a financial arrangement where an insurance company (the ‘ceding company’ or ‘primary insurer’) transfers part of its risk portfolio to another insurance company (the ‘reinsurer’). This helps the primary insurer manage risk, stabilise finances, and increase capacity to underwrite more policies.
What makes property re/insurance long tail?
Property re/insurance is ‘long tail’ because claims often take a long time to be discovered, reported and settled due to their complexity, involving extensive investigation and legal proceedings. This requires insurers to maintain long-term reserves and manage uncertainties arising from evolving legal, economic, and social factors, necessitating careful risk management and pricing strategies.
What is the difference between facultative and treaty?
Facultative reinsurance is individually tailored and assessed for specific high-risk exposures, offering flexibility but being more labour-intensive, while treaty reinsurance covers a standardised portfolio of policies within one or multiple line(s) of business, covering all policies that fall within the agreed-upon criteria, simplifying the process and enhancing efficiency for high-volume, homogenous risks.
