Facultative Reinsurance Broking
Facultative reinsurance is a kind of reinsurance negotiated for one particular risk or specified package of risks. When such a reinsurance package is being negotiated, the ceding insurance firm must not declare all risks to the reinsuring firm. However, in such cases the reinsuring firm is also not obligated to provide reinsurance for those undeclared risks. Normally, each and every risk under the contract is individually underwritten by the reinsurance firm.
Facultative agreements are essential in helping an insurance firm to write a risk that is beyond its financial abilities. At Nairobi Reinsurance Brokers, we make it our business to negotiate the best facultative deals for your insurance firm.