Our Property team has extensive experience in designing, placing and servicing property reinsurance programmes, with many senior team members possessing primary, facultative or treaty reinsurance underwriting backgrounds.
Our Property brokers ensure they gain an in-depth understanding of clients' policy-level exposures before developing tailored portfolio exposure management solutions, and then helping clients to understand how each programme would benefit their organization.
We help to differentiate our clients in the marketplace by utilising multiple sources of capital to cede away volatility and retain profitable business.
Following an agreed timeline with the client, our process usually takes the following path:
- Analysis and preparation of client data for optimum modelling
- Utilisation of catastrophe models to determine peak exposure by amount and territory
- Actuarial modelling of clients' risk to determine the optimal reinsurance structure as well as viable alternatives
- Translation of modelled structure into a viable programme that can be successfully placed in the reinsurance markets
We consistently negotiate the best terms and conditions for our clients in the reinsurance marketplace, with exclusions that allow them to compete in their chosen markets.
Programmes often involve both local and international markets to ensure competitive pricing, but with due regard to the rigorous requirements of the Aon Benfield Market Security Policy and client preferences.
Furthermore, after placement of the client programme we maintain strong and meaningful relationships with their markets and are available to offer continued expert advice across a range of business.
Aon’s strategic advisory service, Re/View, draws on Aon’s proprietary database to provide analysis and benchmarking to reinsurers. Re/View helps reinsurers to more effectively meet the needs of cedents through the development of more competitive, innovative and efficient risk transfer options.
With data updated weekly, Re/View supports $120 billion in premium flow to date, $30 billion of annual ceded premium, and 30,000 data items.
More information on Re/View