Reinsurance for Captives and Mutual Insurance Companies
All insurance companies, of all types, generally purchase reinsurance. There are two basic categories of reinsurance: treaty and facultative. Treaties are contracts that cover broad groups of policies, such as all of a primary insurer's homeowners business. Facultative covers specific individual risk, such as a manufacturing plant.
Reinsurance can offer an attractive option for a variety of candidates, ranging from insurance companies and SME to Fortune 1000 entities via captive vehicle in a number of industries.