0 1 st Event 1 st Event Protection Reinsurance Program Tower Olympus Insurance Company - Catastrophe...
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1 • 1 st Event 1 st Event Protection Reinsurance Program Tower > $1M Retention for each event > Purchased over 100 year return
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Transcript of 0 1 st Event 1 st Event Protection Reinsurance Program Tower Olympus Insurance Company - Catastrophe...
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• 1st Event 1st Event Protection
Reinsurance Program Tower
> $1M Retention for each event > Purchased over 100 year return
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• 1st ent 2nd Event Protection ($284M 1st Event)
Reinsurance Program Tower
$179.1M
$34.87M xs $144.23M
$144.23M
$40M xs $104.23M $40M xs $104.23M
$104.23M
$29.5M xs $74.73M $29.5M xs $74.73M
$74.73M
$15.53M xs $59.2M
$59.2M
$19.2M xs $40M
$40M
$34M xs $6M $34M xs $6M
$6M
4M xs $2M Underlying CAT $1M xs $1M $1M Retention
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Reinsurance Program Participation
Reinsurer
Quota Share100%
Per Risk$2M x $1M
Property CAT
1st Excess$34M x
$6M
Property CAT2nd
Excess$19.2M x
$40M
Property CAT
4th Excess$29.5M x $74.73M
Property CAT
5th Excess$40M x $104.23
CAT Aggregate$64.83M
x $6M
Property CAT
$1M x $1M(3rd
Event)
CAT Aggregate
$25M x $2M (2nd
Event)
Property CAT
$5M x $1M(1st
Event)
Property CAT
$1M x $1M(2nd
Event)
RPP1st Excess
RPP2nd
Excess
United States Allied World Reinsurance Company 5.00% 25.00% American Standard Insurance Company of Wisconsin 2.50% 5.00% 5.325% Berkley Insurance Company 25.00% Everest Reinsurance Company 4.12% 5.00% Odyssey Reinsurance Company 10.00% 4.60% Platinum Underwriters Reinsurance, Inc. 25.00%
United States Total 55.00% 35.00% 4.12% 7.50% 9.60% 5.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
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Reinsurance Program Participation
Reinsurer
Quota Share100%
Per Risk$2M x $1M
Property CAT
1st Excess$34M x
$6M
Property CAT2nd
Excess$19.2M x
$40M
Property CAT
4th Excess$29.5M x $74.73M
Property CAT
5th Excess$40M x $104.23
CAT Aggregate$64.83M
x $6M
Property CAT
$1M x $1M(3rd
Event)
CAT Aggregate
$25M x $2M (2nd
Event)
Property CAT
$5M x $1M(1st
Event)
Property CAT
$1M x $1M(2nd
Event)
RPP1st Excess
RPP2nd
Excess
Bermuda
Aeolus Reinsurance Ltd. 100.00% 100.00%
Allied World Assurance Company, Ltd. 100.00%
Arch Reinsurance Ltd. 17.50% 36.25% 100.00% 33.33%Blue Water Reinsurance Ltd. 5.00% 1.25%
DaVinci Reinsurance Ltd. 2.055% 3.75% Montpelier Reinsurance Ltd. 50.00% MS Frontier Reinsurance Ltd. 11.60% 17.50% Renaissance Reinsurance, Ltd. 2.055% 3.75%
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Reinsurance Program Participation
Reinsurer
Quota Share100%
Per Risk$2M x $1M
Property CAT
1st Excess$34M x
$6M
Property CAT2nd
Excess$19.2M x
$40M
Property CAT
4th Excess$29.5M x $74.73M
Property CAT
5th Excess$40M x $104.23
CAT Aggregate$64.83M
x $6M
Property CAT
$1M x $1M(3rd
Event)
CAT Aggregate
$25M x $2M (2nd
Event)
Property CAT
$5M x $1M(1st
Event)
Property CAT
$1M x $1M(2nd
Event)
RPP1st Excess
RPP2nd
Excess
Bermuda
SAC Re, Ltd. 1.65% 4.00%
Third Point Reinsurance Company, Ltd. 25.00% 2.875% 66.67%
Tokio Millennium Re Ltd 2.50% 9.00% 7.50% 9.00%
Radiant Reinsurance Ltd 100.00% 100.00%
Bermuda Total 25.00% 50.00% 25.76% 56.75% 24.10% 30.63% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
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Reinsurance Program Participation
Reinsurer
Quota Share100%
Per Risk$2M x $1M
Property CAT
1st Excess$34M x
$6M
Property CAT2nd
Excess$19.2M x
$40M
Property CAT
4th Excess$29.5M x $74.73M
Property CAT
5th Excess$40M x $104.23
CAT Aggregate$64.83M
x $6M
Property CAT
$1M x $1M(3rd
Event)
CAT Aggregate
$25M x $2M (2nd
Event)
Property CAT
$5M x $1M(1st
Event)
Property CAT
$1M x $1M(2nd
Event)
RPP1st Excess
RPP2nd
Excess
Europe/Asia Hannover Ruckversicherung SE 15.00%
Lloyd's Syndicate 382 - HDU 0.34% 2.00% 1.95% 2.00%
Lloyd's Syndicate 623 - AFB 0.19% 0.43% 0.42%
Lloyd's Syndicate 958 - CNP 1.72% 1.68% 2.58%
Lloyd's Syndicate 1955 - BAR 1.40% 1.36% 1.00%
Lloyd's Syndicate 2001 - AML 15.00% 10.00% 6.24%
Lloyd's Syndicate 2007 - NVA 3.13% 4.50%
Europe/Asia
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Reinsurance Program Participation
Reinsurer
Quota Share100%
Per Risk$2M x $1M
Property CAT
1st Excess$34M x
$6M
Property CAT2nd
Excess$19.2M x
$40M
Property CAT
4th Excess$29.5M x $74.73M
Property CAT
5th Excess$40M x $104.23
CAT Aggregate$64.83M
x $6M
Property CAT
$1M x $1M(3rd
Event)
CAT Aggregate
$25M x $2M (2nd
Event)
Property CAT
$5M x $1M(1st
Event)
Property CAT
$1M x $1M(2nd
Event)
RPP1st Excess
RPP2nd
Excess
Europe/Asia
Lloyd's Syndicate 2623- AFB 0.84% 1.97% 1.91%
Lloyd's Syndicate 2791 - MAP 3.75% 3.75% 3.75% 3.76%
Lloyd's Syndicate 2987 - BRT 3.20% 2.33% 3.00%
Lloyd's Syndicate 3902 - NOA 4.00%
Lloyd's Syndicate 4444 - CNP 2.28% 2.22% 3.42%
Europe/Asia Total 0.00% 15.00% 5.12% 35.75% 28.75% 26.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total 80.00% 100.00% 35.00% 100.00% 62.45% 62.45% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
