Specialty Lines
Specialty Insurance and Reinsurance
Our specialty insurance and reinsurance segment consists of the following principal lines of business: marine and energy insurance, aviation insurance, specialty reinsurance which consists of marine and aviation reinsurance as well as terrorism, nuclear, personal accident, crop and satellite. Our specialty insurance is written on a primary, quota share and facultative basis and our specialty reinsurance is written on a treaty pro rata and excess of loss basis.
Our specialty reinsurance line of business is composed of reinsurance covering interests similar to those underwritten in marine and energy and aviation insurance below, as well as contingency, terrorism, nuclear, personal accident, crop and satellite. Our specialty reinsurance business is generally written on a treaty basis, though some risks are written on a facultative basis.
The aviation team focuses on providing physical damage insurance to hulls and spares and comprehensive legal liability (including war and associated perils) for airlines, smaller operators of airline equipment, airports and associated business and non-critical component part manufacturers. We also provide hull deductible cover.
Marine & Energy Insurance
The marine, energy and liability team commenced underwriting in the third quarter of 2004 and are leaders in hull, energy physical damage and liability classes. The vast majority of business is written on a direct facultative basis with underwriters setting the terms and conditions of the risk. Coverage underwritten includes onshore and offshore natural perils, fire, explosion, well blow-out, liability risks associated within the aforementioned, and onshore liability construction (which may have longer contract periods).
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Proxy Statement (957kb PDF)
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