About Berkley Re (see www.berkleyre.com)
Berkley Re is a member company of W. R. Berkley Corporation, which has offices globally in the following regions: Asia, Australia, Europe, Latin America and North America.
The aim of the Berkley Re team is to represent W. R. Berkley Corporation in key Reinsurance Markets. Berkley Re is able to leverage the expertise of its parent company, W. R. Berkley Corporation to provide superior product and service. We are rated A+ (Superior) A.M. Best and A+ (Strong) S&P.
The Berkley Re team is a provider of Property & Casualty Reinsurance writing a global account from their various locations. Our experienced underwriting teams write a broad range of Property Treaty, Casualty Treaty, Property Facultative & Casualty Facultative, products vary by region. We believe in building strong long-term cross-class relationships with our clients and brokers, offering meaningful lead capacity coupled with an innovative and collaborative underwriting approach. Superior service & flexibility is at the core of our offering and we are dedicated to working with our trading partners to develop new products and solutions to their reinsurance needs.
The locations of our offices are in the heart of their local insurance markets which, coupled with the talent of the team, enable us to deliver mutually beneficial reinsurance arrangements in a timely manner.
We are also proud to recognize the different conditions of each local market and we will ensure that you get individual attention. Our experienced underwriting team travels widely in support of the business, building an understanding of local market conditions and our client’s unique business neds.
Berkley Re prides itself on giving you special attention to individual risk inherent characteristics and the ability to provide Reinsurance to clients worldwide.
PROPERTY TREATY REINSURANCE
Property Treaty Excess of Loss, Proportional Treaty and Stop Loss Reinsurance, with the focus on Catastrophe and Risk Excess of Loss, including:
- Natural Catastrophe
- Fire and Allied Perils
- Retrocession
- Terrorism
- Related Classes
The Property Treaty team is well established and respected in its market. It offers a superior service and flexibility endeavouring to assist in managing risks and exposure in a timely and controlled manner across its product lines. The team strives to deliver long-term partnerships and a responsive service to its clients.
CASUALTY TREATY REINSURANCE
Casualty Excess of Loss and Proportional Treaty Reinsurance including:
- General Third-Party Liability
- Employers Liability
- Motor Liability
- Professional Liability
- Directors and Officers
- Medical Malpractice
- Financial Institutions
- Cyber
The Casualty Treaty team are experienced and well respected in the market, and between them provide solutions to both UK and International Reinsurance clients in all the product lines offered. The team offers expertise and innovation along with customer service and class leading security.
PROPERTY FACULATIVE REINSURANCE
Global Property Facultative Reinsurance including:
- All Risks
- Fire and Allied Perils
- Construction All Risks
- Erection All Risks
- Power & Energy
- Stand Alone Natural Catastrophe
Whilst offering depth of knowledge on individual risk assessment and pricing, for both existing and new risks, we are also dedicated to structuring bespoke solutions whilst recognising client’s expertise in their own portfolios.
About our Facilities:
We are also dedicated to structuring facilities, which will give you a real solution and recognize your specific expertise of your own portfolios. Our automatic, semi-automatic and prior submit facility products offer a tailor-made solution to our clients. We are proud of our instant and superior service to our clients, whilst being flexible and understanding of clients’ needs.
Our products respond to the specific requirements of cedants, and takes into consideration the composition of the portfolio as well as the territorial scope in question.
We are able to offer flexible contract terms and conditions across a wide range of program structures, reinsurance limits and attachment points
Capacity Driven Facilities
We work in conjunction with cedants to take a more prominent position on targeted risks where they can deploy their local knowledge and expertise more effectively, thus enabling them to take a lead position
Portfolio Driven Facilities
We provide bespoke solutions to create a perfect balance between treaty and facultative outwards reinsurance purchasing
Market Segment Driven Facilities
We recognise and encourage cedants to target specific profitable sectors of the market
How do we do this:
- The facultative team offer a superior service and flexibility whilst endeavouring to assist in managing risks and exposure in a timely and controlled manner.
- We are able to offer you a significant capacity of up to USD/EUR 75 million per risk or on a facility basis, on an excess of loss basis.
Reinsurance Solutions
In addition, we can offer turn-key solutions, for example Cyber via Berkley Re Solutions.
Our experts focus on flawless engagement from design through market launch including policy language, underwriting guidelines, rating plans, filing support and quota-share reinsurance options.
In addition, we provide training, unique service solutions and marketing delivering a complete turnkey experience.
We focus on casualty turn-key programs including Commercial Cyber, Family Cyber Protection ™ (personal lines) and Farm owners Cyber https://www.berkleyre.com/solutions/custom-turnkey-solutions/
About W. R. Berkley Corporation
W. R. Berkley Corporation, founded in 1967, is one of the US’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialised knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralised operations, allowing each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs.
This decentralised structure provides financial accountability and incentives to local management and enables us to attract and retain the highest calibre professionals. We have the expertise and resources to utilize our strengths in the present environment, and the flexibility to anticipate, innovate and respond to whatever opportunities and challenges the future may hold.
