FAQ Category: Facultative Reinsurance

What role does facultative reinsurance play in South Africa?

South Africa has significant concentrations of high-value risks — mining, petrochemical,...

How is facultative capacity placed?

Often via subscription: multiple reinsurers may each take a percentage line on a large risk,...

What are the two main forms of facultative reinsurance?

Proportional facultative: The reinsurer takes a share of premiums and losses. ...

When is facultative reinsurance typically used?

Very large risks that exceed treaty limits (e.g., power plants, mines, refineries). Unusual...

How does facultative differ from treaty reinsurance?

Facultative: Case-by-case, risk-specific, individually negotiated. Treaty: Automatic...

What is facultative reinsurance?

Facultative reinsurance is coverage arranged for an individual risk (or small portfolio of...

Jay Virdi appointed as Distribution Leader, NA at Relm US Insurance Solutions
Relm Insurance, an insurer focused on emerging and innovative industries, has appointed Jay Virdi as Distribution Leader for North America (NA) of Relm US Insurance Solutions. In his new role, Virdi will report to Christian Davies, Relm’s Global Head of Distribution and Innovation. He will advance the insurer’s distribution strategy and broker engagement across North […]
Saumya Jain
Zurich Insurance Group names Megan Shao as Chief Claims Officer, APAC
Large insurer Zurich Insurance Group has appointed Megan Shao as Chief Claims Officer, Asia Pacific (APAC), effective February 1st, 2026, based in Singapore. In her new role, Shao will report to Sean Walker, Head of Commercial Insurance & Chief Technical Officer for Asia Pacific, Zurich Insurance Group. She will lead Zurich’s claims function across APAC, […]
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Taylor Mixides