Aspen’s Specialty team have significant breadth and depth of knowledge across all specialty lines, allowing us to better understand our clients’ businesses and tailor class leading reinsurance solutions appropriate to their needs.
Specialty Lines:
Agriculture
Aspen Re’s Agriculture team provides both proportional and non- proportional reinsurances to a worldwide client base. Whilst our major focus is crop reinsurance, coverage can also be provided for livestock, forestry, aquaculture and greenhouses, on either a “losses occurring during” or “losses occurring on risks attaching” basis.
Our Agriculture team comprises underwriters with many years of experience writing this specialty class of business, located in London and Singapore.
Our global expertise is well-recognized and respected within the industry and has helped us to establish and develop many strong client and broker relationships in all of the major markets including North America, Europe, Latin America and Asia Pacific.
We devote significant amounts of time and resources to help us develop an in-depth understanding of each of our individual client’s businesses and reinsurance needs and we strongly believe in the value of face-to-face meetings with our clients and brokers to support us in this commitment.
Our expert teams in underwriting, actuarial, contracts, claims, risk management, legal and finance ensure that we continue to deliver the outstanding levels of service our reinsurance partners have come to expect.
Engineering and Technical Lines
Within the Engineering and Technical lines division of Aspen Re we provide tailor made products to suit our client’s needs.
Our focus is one of technical expertise through a proven track record in underwriting industrial and engineered business. Our understanding of the risk helps us evaluate the exposures appropriately and within a quick time frame.
Treaty
Our ability to write facultative and treaty business allows us to understand the market issues and individual challenges that our treaty clients are facing. This understanding enables us to offer consistent and competent treaty reinsurance capacity on a proportional and non-proportional basis through our international branch network. Our regional underwriters can respond to the unique needs of each local market.
We provide coverage for all types of construction related risks like contractors all risk, erection all risks, civil construction risks. Our product range also includes operational risks such as power, onshore energy, civil engineering completed risks, electronic equipment, plant and equipment and machinery.
Facultative
We offer worldwide facultative excess of loss reinsurance on operational risks as well as construction and erection risks. Our definition of technical lines and our maximum capacities per occupancy are as follows:
- Operational Oil & Gas – US$25,000,000
- Power Generation – US$60,000,000
- Renewable Energy – US$75,000,00
- Machinery Breakdown – capacity is subject to the occupancy
- Civil Engineered Completed Risks – capacity is subject to the occupancy
- Open Cast Mining – US$42,500,000 Electronic Equipment – US$75,000,000
- Contractors All Risks – US$75,000,000 Erection All Risks – US$60,000,000
Our capacity varies depending on our attachment point and natural perils exposed.
Marine, Energy and Terrorism
Our experienced underwriters provide flexibility, continuity and consistency, along with a competitive approach that helps to make our client relationships long- term and productive.
We have the ability to write both proportional and non-proportional treaties, as well as retrocession, on a wide variety of structures.
Additionally, we have experience and expertise in offering composite coverage across multiple classes.
Marine and Energy
We provide flexible, competitive products backed by the highest levels of service for all classes of marine business including cargo, hull, liability, offshore energy and specie.
Terrorism
We are able to provide comprehensive coverage for terrorism underwriters seeking reinsurance protection for their portfolios, including political violence.
Mortgage
We provide proportional and non-proportional credit risk transfer to single family and multifamily pools for both government-sponsored and private entities, globally.
Special Risks
Aspen Re’s Special Risks team offers a range of bespoke reinsurance solutions, for even the most challenging of scenarios. We have the ability to write both treaty and facultative reinsurance on a proportional and non- proportional basis.
Special Risks focuses on offering tailor-made risk transfer solutions for numerous speciality classes. The team is willing to consider any niche or unusual risk.
Coverage includes but is not limited to:
- Contingency
- Cancellation
- Non-appearance
- Prize indemnity
- Lottery
- Crisis management
- Product contamination, product recall
- Kidnap, Extortion, Piracy
- Film and entertainment
- Nuclear
- Pandemics
- Multi-line Programmes
Other coverages are available on request.
We are able to offer global coverage as we draw upon Aspen Re’s wealth of experience in providing coverage for both risks and clients worldwide.
Using our local knowledge, and supported by our global network, we believe in building long-term, mutually beneficial relationships. Through our direct, detailed and flexible approach, we turn our relationships with clients into ongoing partnerships.