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What is Reinsurance?
Why Do Insurers Buy
Reinsurance?
Because:
 A policy is too big
Too many policies overall
Too many policies in one place
Unusual risks requiring special expertise
When compared to:
Capital
Risk appetite
Regulatory standards
Market perceptions
How is Reinsurance Sold?
| Insurers call: |
Direct-writing reinsurers (one of four)
or a broker (roughly a dozen)
Often a mixture |
| Brokers work with: |
Professional broker market reinsurers
(US, Bermuda, London, Australia, Europe, etc.)
Reinsurance departments/Division of primary insurers
Lloyds
Often a mix |
Every broker works with every reinsurer
Reinsurers compete within and across the two channels
Brokers compete against each other and direct writers
Products are highly customized, but prices are very market driven
Holborn Corporation
An independent reinsurance broker
- Established 1920
- Employee-Owned
- Exclusively a broker, not a risk-taker
One office in lower Manhattan (Wall Street Plaza)
Full-Service capabilities
- Product
- Geography
- Service
We aim to provide all of the risk-transfer needs of our
clients and in many cases, we do
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