As a reinsurer we provide capacity following our clients’ standard wordings. We adhere to following our cedents’ settlements when these are within the terms of the original insurance policy and any conditions contained within the reinsurance contract. Whilst we don’t have any branded wording, we are always there to offer support with coverage drafting and development.
Most of our business is written on ‘All Risks’ policies, noting that the comprehensive cover implied is always curtailed by the exclusions. These policies can be extended to include Machinery Breakdown, which we can also support.
We also write business on a specified perils basis which provides more certainty of coverage.
Within property we can offer Facultative and Treaty support. We can write these products proportionally (Quota Share, Surplus, Loss limits) or non-proportionally (Excess of loss or Primary layers). We are always conscious of compression and how this could affect our clients retention. We are very happy to discuss this at point of sale or in a training session.
At ASR we work closely with our colleagues in other lines, so we can provide specific coverage for Property, or support across a program or bouquet.