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Holborn is committed to the timely, accurate and efficient processing of reinsurance transactions. The firm rigorously reviews all transactions to ensure compliance with the terms and conditions of each contract. Once the documents are complete, most payments, whether premiums, adjustments, or claims, are made via wire transfers.
Receivables ceded to overseas and non-admitted reinsurers are secured at each year-end by cash, securities, letters of credit or similar funding arragement. Holborn obtains and strictly monitors LOCs to ensure that clients receive full financial statement credit for amounts ceded.
To provide clients with instantaneous access to information about their reinsurance programs, the firm has developed an interactive portal, accessible through its web site. This application offers real-time access to placement specifics for each client on a password-protected basis.
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