LION Specialty’s Post

Reinsurance plays a vital role in the insurance industry by providing a financial arrangement for companies to manage risk effectively. The process involves transferring part of the risk portfolio from one insurance company to another, known as the reinsurer. This strategic move helps the primary insurer reduce liability and exposure to large claims, ensuring financial stability. By sharing a portion of the premiums collected, the reinsurer assists the primary insurer in mitigating the impact of major events like natural disasters. This collaborative approach allows insurance companies to remain solvent in the face of unexpected claims, ultimately ensuring the sustainability of the insurance market. #Reinsurance #InsuranceIndustry #RiskManagement #FinancialStability

Reinsurance is vital for insurers, providing protection from losses and risks. It frees up capital by transferring responsibilities. This flexibility enables growth, better services, and cost efficiencies. It's a smart way to navigate financial landscapes and strengthen market standing. 💸🛡️ #RiskManagement #FinancialStrategy https://lnkd.in/eqntemmG

Reinsurance is crucial for insurance companies, optimizing financial resources and stability. It boosts capital efficiency, allowing investment allocation and better market response. Embracing reinsurance ensures sustained success and sector expansion. 💸 #FinancialStrategy #RiskManagement https://lnkd.in/eqntemmG

Citizens Property Insurance Corporation, Florida’s insurer of last resort, secured $3.56 billion in reinsurance for $482 million, below their $5.5 billion target. They called it a “cost-efficient risk transfer program,” reallocating surplus and adding $1.7 billion in emergency assessments, raising potential policyholder surcharges to meet the $17.4 billion PML target. Read more insights here: https://lnkd.in/eeYkCAW4

Global BRG LLC has been recognized as one of the Top Underwriting Services Provider by Insurance Business Review. Global BRG LLC is a Reinsurance Underwriting Agency that helps reinsurance brokers and insurance companies find alternative capacities from medium and small insurers to minimize risk and expenditure while maintaining comprehensive coverage for their customers. “At the center of our approach is a dedication to understanding and addressing the risks and coverage challenges faced by clients and strengthening their financial posture,” says Luis Escobar, director of Global BRG LLC. The article will also be featured in the forthcoming special print edition on  Underwriting Services 2024. Read More : https://lnkd.in/gCAVnUeB #insurancebrokers #riskmanagement #reinsurancemarket

At Grand Re, our mission is to create stability in an uncertain world. With reliable reinsurance solutions, we help you secure your tomorrow, today—protecting what matters most to your business. #Insurance #Reinsurance #RiskManagement #BusinessGrowth #FinancialServices #GrandReinsurance

All of my customers are curious and frustrated with the hard market and premium increases we are seeing in our industry. It is my goal to help educate consumers on why this is happening. I found this article most helpful in understading how high losses trickle down from the reinsurance market. Reinsurance = insurance for insurance companies. Simple definition but complicated answer! #reinsurance, #hardmarket, #P&CIndustry

Reinsurance Gurus, please help me out on Cut-through Clause. If an insurance policy has cut-through clause, is it obligated for the cedant to disclose all the reinsurers to the policyholder or state them in the policy schedule for the policyholder to know them? If No, how can the policyholder know the reinsurers and follow up to make a claim when the cedant becomes insolvent or is unable to pay their claims?

Discover how insurers are revolutionizing performance by improving reinsurance strategies, operational agility and data-driven insights. Read more: https://go.ey.com/3MYACsu #Reinsurance #OperationalExcellence #LifeInsurance

Discover how insurers are revolutionizing performance by improving reinsurance strategies, operational agility and data-driven insights. Read more: https://go.ey.com/3MYACsu #Reinsurance #OperationalExcellence #LifeInsurance