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Insurer net retention protection

An insurer was looking to protect its net retention on a book of homogenous business, with a total insurable value (TIV) in excess of £60 billion.

We structured a competitive deal, placed with a combination of Lloyd’s, London and European reinsurers, on a ‘second and subsequent loss’ basis. This limited the insurer’s exposure, allowing it to retain a significant portion of the ingoing premium across the entire book.