Facultative
Facultative
We provide a range of facultative solutions to insurance markets across the global insurance market.
Our clients’ reinsurance requirements are often bespoke, complex and time sensitive. The Price Forbes Re facultative team understands this dynamic and has the extensive industry experience and broad market relationships required to help our clients achieve their business objectives. Our ability to provide exceptional levels of service means we hope to become your independent facultative broker of choice.
Industry specialists
Our deep industry knowledge along with long-standing market relationships benefits clients across a diverse range of industries and classes including:
- Energy – oil and gas, petrochemicals, chemicals
- Renewable energy
- Power production and distribution
- Heavy industry
- Large complex property accounts
- Parametric solutions
- Heavy catastrophe placements
- Casualty
- Terrorism
- Fine art and specie
Classes of business
Casualty and Specialty
We offer bespoke facultative reinsurance to casualty, financial lines and specialty carriers worldwide.
Our facultative products provide both additional limits and exposure carve outs for liability placements.
Our expertise in this class combined with our established relationships with casualty underwriters ensures we are best placed to efficiently satisfy your requirements.
Type of business
- Large complex casualty accounts
- Upstream and downstream energy liability placements
- Construction liability solutions
- Pharmaceutical liability and life science placements
- Financial lines and transaction liability solutions
- Contingency, personal accident and life solutions
Fine Art, Jewellery and Specie
We offer bespoke facultative reinsurance to fine art, jewellery and specie carriers in London, the US and Europe.
Our facultative products provide both all risks of physical loss or damage and terrorism cover as required.
Our expertise in this class combined with our established relationships with FAJS underwriters ensures we are best placed to efficiently satisfy your requirements.
Type of business
- Large capacity reporter product for fine art and/or jewellery and/or specie portfolios using direct and facultative markets to offer competitive rating versus traditional non-proportional approach.
- Bespoke warehouse storage aggregation solutions
- One off facultative excess of loss to assist with aggregation control on specific accounts such as high net worth collectors / exhibitions / galleries.
- Full follow, risks attaching coverage.
Terrorism
In an increasingly unstable world, the risk of terrorism is not only evolving, but on the rise.
We are able to offer our clients a wide range of bespoke insurance and reinsurance solutions, provide knowledge and advice, industry reports and intelligence and help our clients to operate as normal, no matter how hostile the environment.
Our products are available in respect of property damage, business interruption and legal liability protection:
Our products
- Sabotage and terrorism
- Strikes, riots and civil commotion and malicious damage
- Terrorism liability – both employee and general
- Insurrection, revolution or rebellion and coup d’etat
- Active assailant / deadly weapon protection
- Malicious damage
- War and civil war
- Standalone nuclear, biological, chemical and radiological (NBCR)
- Terrorism event cancellation
- Blast zone reporters
Our team can also offer tailor made facilities, create solutions and respond to our clients particular requirements.
Our programmes give our customers full flexibility and provide cost effective protection across a portfolio.