Reinsurance

Reinsurance capacity globally is constantly increasing as a means to meet the demands of domestic markets. At PYI, we endeavour to source these competitive terms provided by recognized and trusted markets.

We, at PYI offer a diverse range of products to our clients, which through our treaty and facultative divisions, we work to develop customized solutions that meet our clients’ needs.

At Patrick York Ireland (PYI) our dedicated reinsurance division have comprehensive and personal access to major market players around the world in order to deliver the required technical expertise and financial strength required by cedants on their placements.

Proportional Reinsurance:

Proportional reinsurance, a fundamental offering at PYI, enables our clients to share risks and premiums in a proportionate manner. This method, often known as quota-share reinsurance, allows for a direct alignment of interests between the reinsurer and the insurer. PYI’s proportional reinsurance solutions are tailored to provide financial stability and risk distribution, ensuring that our clients can confidently expand their policy offerings while maintaining a balanced risk portfolio.

Layered Reinsurance:

At PYI, our layered reinsurance services are designed to provide comprehensive risk coverage for larger, more complex risks. This approach involves structuring multiple layers of reinsurance, with each layer responding to losses after preceding layers are exhausted. Our expert team works closely with clients to determine optimal layering strategies, ensuring that coverage is both cost-effective and aligned with the client’s risk profile. Layered reinsurance is ideal for clients seeking tailored solutions for significant risks.

First-Loss Facultative Reinsurance:

First Loss Facultative reinsurance is another specialized service offered by PYI. This type of coverage is particularly useful for high-risk areas where a total loss might be rare, but possible. Under this arrangement, PYI covers a predetermined portion of the loss, up to a specified limit, providing clients with critical protection against substantial losses. This reinsurance is negotiated on a case-by-case basis, ensuring bespoke solutions that align perfectly with the unique risk profiles of our clients.

Treaty Placements:

PYI’s Treaty reinsurance services provide clients with a systematic and ongoing reinsurance arrangement, covering a portfolio of risks under a single contract. This form of reinsurance is essential for insurers looking for stable, long-term risk management solutions. Our team at PYI excels in structuring treaty agreements that offer flexibility, consistent coverage, and financial security, allowing our clients to grow their business with confidence.

Proportional Reinsurance:

Proportional reinsurance, a fundamental offering at PYI, enables our clients to share risks and premiums in a proportionate manner. This method, often known as quota-share reinsurance, allows for a direct alignment of interests between the reinsurer and the insurer. PYI’s proportional reinsurance solutions are tailored to provide financial stability and risk distribution, ensuring that our clients can confidently expand their policy offerings while maintaining a balanced risk portfolio.

Layered Reinsurance:

At PYI, our layered reinsurance services are designed to provide comprehensive risk coverage for larger, more complex risks. This approach involves structuring multiple layers of reinsurance, with each layer responding to losses after preceding layers are exhausted. Our expert team works closely with clients to determine optimal layering strategies, ensuring that coverage is both cost-effective and aligned with the client’s risk profile. Layered reinsurance is ideal for clients seeking tailored solutions for significant risks.

First-Loss Facultative Reinsurance:

First Loss Facultative reinsurance is another specialized service offered by PYI. This type of coverage is particularly useful for high-risk areas where a total loss might be rare, but possible. Under this arrangement, PYI covers a predetermined portion of the loss, up to a specified limit, providing clients with critical protection against substantial losses. This reinsurance is negotiated on a case-by-case basis, ensuring bespoke solutions that align perfectly with the unique risk profiles of our clients.

Treaty Placements:

PYI’s Treaty reinsurance services provide clients with a systematic and ongoing reinsurance arrangement, covering a portfolio of risks under a single contract. This form of reinsurance is essential for insurers looking for stable, long-term risk management solutions. Our team at PYI excels in structuring treaty agreements that offer flexibility, consistent coverage, and financial security, allowing our clients to grow their business with confidence.

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