Products & Services

Property Excess of Loss

The Property Excess of Loss Treaty account comprises of both risk and catastrophe excess of loss business with the majority of our portfolio protecting International and United States cedants.

The risk XL book focuses principally on indigenous portfolios and Fortune 500 type direct and facultative accounts whilst first loss/primary portfolios are rarely underwritten. Our aim is to attach at levels in excess of $500m on an original loss basis.

Our catastrophe writings are well spread internationally. Single territory or single state/regional business forms over 90% of this particular part of the portfolio. Business emanating from the United States focuses on regional insurance companies or specific regional protections. Nationwide business is a limited part of the portfolio.

Outside North America, Europe represents the largest part of our portfolio with cedant relationships in over 22 countries. Business written in other regions includes Japan and other territories within Asia, Australasia, Africa and Latin America. We offer limited capacity for Caribbean exposure.

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Key Features

  • 2010 Projected Gross Premium Written £30.7m
  • Maximum line: Catastrophe XL $15m, Risk XL $3m
  • Principal underwriting focus on middle to top layers of cedants' protections
  • Risk and catastrophe exposures are separately covered
  • Flexibility to support clients cross-programme
  • Underwriting support from a catastrophe modelling unit
  • One of the few growing property treaty portfolios in London