Casualty

Catlin Bermuda has developed a Casualty Treaty specialty that is now a lead market for medical, professional and standard lines of reinsurance.

We place a particular focus on developing risk solutions for mutual insurers, captives and other risk financing mechanisms throughout the United States and the rest of the world.

Underwriting Appetite

• Global account with a North American focus
• Client market is small to mid-size insurance companies particularly mutuals, risk retention groups, captives and pools which provide homogeneous groups of individuals or businesses with liability risk solutions
• Concentration on specialist mono-state or regional carriers; will also consider nationwide entities
• Start-up companies and mature organizations
• Excess of loss and excess cession contracts favored

Classes of Business Covered

Medical Malpractice

• Physicians - multi- and single specialty
• Hospitals - Multi-facility or single-parent captives
• Nursing homes - not for profit and non-publicly traded for profits
• Dentists
• Ancillary healthcare
• Managed care

Professional Lines

• Lawyers
• Miscellaneous E&O
• D&O
• Fidelity

Standard Lines

• Municipalities
• General liability
• Auto liability
• Clash/WCA
• Multi-line P&C
• Catastrophe WCA

Clash

Traditional, ECO/XPL, Awards Made, Systemic across all Classes

Reinsurance Products

• Claims-made/losses occurring during or risks-attaching triggers
• Multi-year commitment with annual cancellation
• Excess cession contracts
• Clash - traditional two-insured trigger, ECO/XPL and awards made
• Systemic - Brings together losses that are linked by a common factor or unifying cause. Protects capital from a catastrophic event
• Quota share and surplus contracts are considered
• Dual Trigger Stop Loss - provides stop loss protection on clients’ net account for claims-made lines - If claims frequency exceeds an agreed frequency % within 30 days of expiry (trigger 1), recoveries can be made once the net aggregate loss ratio retention is exceeded (trigger 2)