2114 3291 Corinthian Pitch Book Design Revision Digital - Flipbook - Page 9
REINSURANCE PROGRAM
GENERAL CHARACTERISTICS
Corinthian Re has developed an extensive and proven reputation that has been thoroughly
earned within several key reinsurance markets, namely producers, carriers and brokers.
We have become known for reliability, effective risk assumption and across-the-board
support as a long-term partner seeking and managing mutually beneficial opportunities.
These programs are typically created when a reinsurance broker approaches Corinthian Re with
a potential partnership involving the provision of reinsurance support to a partner carrier in the
U.S. (almost always A rated or equivalent) and the associated managing general agency (“MGA”)
producers who are responsible for policy production, sales and managing the administration of
the same in conjunction with the carrier.
A suitable opportunity that
falls within Corinthian’s
underwriting philosophy
would involve:
- Alignment of interests between
reinsurer, carrier and MGA in the form of
risk assumption through a combination
of underwriting retention and/or broad
sliding commission scale structures with
low minimum commission.
- Risk type that is generally short tailed,
with a book size that gives confidence to
actuarial statistical modeling for reliance.
The primary carrier provides the
insurance coverage through the
authorized MGA producer for the U.S.
source risks and then passes that risk
through to Corinthian Re via
collateralized quota share treaty
reinsurance arrangements.
Typical coverages originate in most U.S.
States and, to date, include, but are not
limited to:
• Commercial Trucking Liability
• Taxi & Limo Auto Liability
• Non-Standard Auto Liability
• Workers Compensation
• General Liability
STRATEGIC RELATIONSHIPS
Our program is rock-solid, as evidenced by the top tier relationships we
continue to develop and work with on a daily basis. These entities are the biggest
and best in the industry:
LEGAL/INSURANCE MANAGEMENT
BROKERS
KPMG Auditors in Cayman Islands
and Bermuda
Guy Carpenter
Strategic Risk Solutions (SRS) Insurance Manager in Cayman
Islands and Bermuda
Campbells Lead Counsel in Cayman Islands
Appleby Lead Counsel in Bermuda
Holland and Knight Lead Counsel for Proventus
Honigman Lead U.S. Counsel for
Insurance Matters
REINSURANCE PANEL PARTICIPANTS
Swiss Re
Aon Benefield
Beach Re
Willis Re
Trean Corp
BMS Brokers
INSURANCE FRONTING PARTNERS
PMA
American Millennium
Insurance Company
Axiom
Liberty Mutual
Travelers
Fortegra
Red Point
Worth Casualty
Munich Re
Old American Insurance Company
Berkshire Hathaway
Clear Blue Insurance
Company
Hanover Re
Clear Spring Insurance
Company
Programs are managed by the commercial carriers and MGAs, with premiums ceded net
of program expenses (commissions, brokerage, etc.) and actual paid losses directly into a
unique, program-specific reinsurance trust account with a single beneficiary named as the
carrier. This reinsurance trust account, in year 1, would account for 70-80% of all collateral
obligations, increasing in later years on successive renewals.
Tokio Millennium
(now Renaissance Re)
Dorinco Re
BANKING AND TRUST
Ultimate risk mitigation control for managing maximum risk exposure per treaty is
achieved through treaty loss limits negotiated with the carrier and/or a commercially
sourced aggregate stop-loss contract from a third-party commercial reinsurer.
IAT Reinsurance
Comerica Bank
Qatar Re
Trisura Specialty Insurance
Morgan Stanley
BNY Mellon
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