A reinsurance program is only as good as the creditworthiness of the counterparty with which it is placed. Holborn’s Reinsurance Security Committee, which consists of the senior management of the firm, meets regularly to review the financial condition of each reinsurer.
At the same time, Holborn is keenly aware that a reinsurer’s ability to pay is only half of the security equation; the willingness to pay, and to pay on time, is of equal concern. Holborn monitors the claims-paying history of each market participant to identify potential problems and develop strategies to minimize any negative financial impact. Such ongoing and penetrating survelliance supports Holborn’s ability to serve as a proactive intermediary.