Aviation
Cover
- Hull and Liability – Airlines with Hull Physical Damage protection as well as Liability protection
- AVN52 – Excess War Liabilities which provides airlines and ground operators with third party legal liability protection from war risks, in excess of the limited capacity written back by the aviation hull and liabilities market
- Contingent Aviation – protection to banks and lessors to cover them in the event the lessee’s insurance doesn’t pay after a valid claim
- Products Liability – Providing the world’s leading manufacturers of commercial jetliners with aviation product liability insurance
Insurance and Facultative Reinsurance Basis
Energy
Cover
- Offshore Named Windstorm Only – Property Damage arising from Named Windstorm
- Decommissioning Bonds – Insurance market substitute to a cash collateralization or Letter of Credit, required by the regulator in relation to modelled future decommissioning costs to continue E&P operations.
- Offshore / Upstream Operational– NWS Property Damage cover
- Onshore / Downstream Operational– All Risks of Physical Loss / Damage and Business Interruption
- Renewable Energy – Construction all risks and Operational All risks – Wind offshore/onshore and solar
- Reinsurance and Insurance Basis
Contingency
Cover
- Indemnity against the necessary Cancellation, Postponement, Abandonment, Relocation, Interruption or Curtailment arising due to a peril not excluded, operating within the policy period, beyond the control of the Assured and Participants. Adverse weather/terrorism/srcc excluded as standard but often bought back.
- As event cancellation plus Death, Accident, Illness or Travel Delay of an Insured Person. Family extension buy back and pre-existing exclusion. Can be indemnity or to pay depending on interest.
- Non PD BI – named peril policy / parametric trigger resulting in loss of income.
- Insurance and Facultative Reinsurance Basis
Reinsurance
Cover
- Property Catastrophe Excess of Loss – providing insurance companies with per event protection on a treaty basis in excess of a meaningful deductible
- Aggregate Excess of Loss – providing insurance companies with protection against an aggregation of claims beneath their Cat XoL deductible
- Risk Excess of Loss – providing a treaty that covers an insurance company’s portfolio on a per location basis, in excess of a meaningful deductible
- Retro Excess of Loss – providing reinsurance companies with per event coverage on a treaty basis
- Industry Loss Warranties – providing a risk management tool for companies where the trigger is market insured loss, rather than direct sustained loss
- Whole Account Excess of Loss – providing protection for (re)insurance companies across multiple lines of business
Fine Art and Specie
Cover
- REMCI Finance provides cover for Fine Art, General Specie, Jewellers Block and Cash in Transit on a Worldwide basis.
- Business is written on a facultative, line slip, binder or reinsurance basis through our London and Dublin operations.
- Ability to offer a meaningful line for both EEA and Non EEA.
- Extensive knowledge of Fine and Specie within our claims teams to offer clients exceptional service throughout.
Upstream Energy
Cover
- Property damage – physical loss/damage cover for upstream/midstream assets including platforms, pipelines, gas plants, oilfield equipment
- Hull & Machinery – physical damage and wreck removal coverage for hull and machinery of energy assets such as FPSOs / FSOs / FLNG / offshore support units and mobile offshore drilling rigs
- Operators Extra Expense – covers operators cost of controlling a well, re-drilling a well and associated seepage and pollution from a ‘well control’ event
- oOPOL – North Sea pollution cover from offshore facilities
- Business interruption – covers loss of revenue / loss of production income / fixed costs / debt servicing / increased costs of working arising out of a physical loss / damage or well control event
- Construction All Risks – covers construction and installation of offshore energy assets such as platforms, pipelines, floating production units
- Named Atlantic Windstorm – windstorm coverage for offshore energy assets
Marine
Cover
- Project Cargo & Cargo War, Cargo
- Hull Machinery & Increased Value
- Builders Risk
- Trade Disruption Insurance
- War
- Mortgagee’s Interest Insurance & Mortgagees‘ Additional Perils (Pollution)
Mortgage Indemnity Insurance
Cover
- Generally first loss protection driven by a borrower credit default but also protects the depreciation of the property value
- Loan by loan or portfolio protection (1st loss, 2nd loss, XOL layers)
- In force portfolio or prospective lending with delegated authority to the lender
Partnerships
Appetite
- Specific Risk Transfer opportunity driven by regulatory capital relief, capital efficiency or transaction facilitation
- Unique products driving low attritional loss ratios
- High barriers to entry – high level of expertise required
- Customised modelling and wording that closely defines the exposure
- REMCI Finance Agency a ‘go-to’ brand for leading and executing Bespoke initiatives
Economic Catastrophe
Cover
- Non-payment protection on a contingent basis – multiple events required in order to trigger cover under the policy
- The policy is designed as capital relief or to facilitate efficient financing
Insurance and Facultative Reinsurance Basis
Navium Marine Limited
Cover
- Hull & Machinery – physical damage and wreck removal coverage for hull and machinery
- IV
- Loss of hire for vessels
- War – physical damage to vessels resulting from acts of war, terrorism and piracy.
- Cargo and specie – physical damage
- Marine liability – third party liability for ship owners and other marine interests
- Ports and terminals – physical damage (CAT and non-CAT), business interruption and third-party liability
- Aviation war and AV52
- Bloodstock
Oakside Surety Bonds
Cover
- Surety/guarantor – protection for
- commercial employers
- local authorities
- government departments; and
- quasi/government organisations
- Duty deferment bonds – protection to HM Customs in relation to deferred duties/taxes.
Perigon Product Recall
Cover
- All policies are based on a bodily injury / property damage trigger covering Accidental Contamination, Malicious Product Tamper, Extortion, Government Recall and Adverse Publicity
- Packaging and Component Wordings also include an Impaired Property / Product Guarantee trigger
- Product liability (claims made) available as part of auto components
- Losses covered include recall costs, replacement costs, business interruption, extra expense and extortion monies
Political Risk
Cover
- Contract Frustration – non-payment]
- Political Risk (CEND) – lenders or equity PRI, Comprehensive Contractors Plant / mobile assets
- Trade Disruption Insurance – perils to be defined
Insurance and Facultative Reinsurance Basis
Political Violence
Cover
- Full PV includes Terrorism, Sabotage, Strikes, Riots, Civil Commotion, Malicious Damage plus Insurrection, Rebellion, Mutiny, Coup d’etat, War and Civil War
Insurance and Facultative Reinsurance Basis
Property D&F
Cover
- Primary Cover – High Rate on line sitting in excess of suitable deductibles and retentions
- High / Excess Layers – Utilizing the company’s max lines, often sitting excess of any Named Windstorm or Earthquake PML
- Fully licensed US E&S market writing on a direct surplus lines basis.
- Admitted paper for Canadian business.
Insurance and Facultative Reinsurance Basis
Radius Specialty Reinsurance
Cover
- Cyber – protection for portfolios of cyber insurance against data breaches, ransomware attacks and other losses covered by the underlying policies
- Financial – protection for portfolios of lender’s mortgage insurance against the threat of widespread default due to a downturn in macroeconomic conditions
- Nuclear – protection for mutual insurance companies set up by nuclear power operators to provide them with property and / or liability insurance
- Personal Accident – protection for largescale deaths and injuries to portfolios of accident and health insurance
- Political Violence – protection for damage caused by a range of actions, including terrorism, political unrest, strikes, riots and civil commotions
- Miscellaneous – a range of niche classes of insurance, including surety, legal expenses and political risk, or niche structures on mainstream classes
Space
Cover
- LVFO – Reimburse Insured in the event of a total loss, constructive total loss and/or partial loss as a result of loss/damage/failure of satellite from Launch (intentional ignition) to Separation of the Satellite from the launch vehicle
- Launch + 1 – Launch Risk as above but including 12 months of in-orbit coverage
- In-Orbit – Reimburse Insured in event of a total loss, constructive total loss caused by loss of, damage to or failure of the Payload (eg satellite) taking place between attachment of risk and termination of risk whilst in orbit
- AIT – Reimburse the Insured in the event of Physical Loss or Damage from manufacturer’s warehouse to launch site.
On an Insurance and Facultative Reinsurance basis
Regulatory Capital Relief / Significant Risk Transfer (SRT) / Synthetic Securitisation on portfolios of bank assets (These terms are all used interchangeably)
Cover
- Insurance or guarantee of the credit default risk on a 1st or mezzanine tranche of a portfolio of assets.
Appetite
- Any jurisdiction around the world but main focus is UK & Europe
- Any underlying asset class provided there is some granularity. Auto, Consumer, Mortgage, Real Estate, SME Loans, Corporate Loans etc…
- 1st loss, XS of expected loss, mezzanine protection or other
- Replenishment features are OK
