Insurance companies need insurance too.
Because some things are unpredictable.
Catastrophe Reinsurance for Life Insurance Companies
Sutton Reinsurance is not just a provider of reinsurance capacity. As a lead reinsurance market, Sutton Reinsurance often partners with intermediaries to tailor a Catastrophe Excess of Loss program that best suits the needs of the life insurance company buyer.
LIMITS:
$5M per person
$20M per occurrence
Product need and use:
Catastrophe Excess of Loss coverage protects an insurance company against the risk of a large loss involving several lives that could arise from a catastrophic accident.
Catastrophe Excess of Loss Reinsurance can be written on a facultative basis, for a single policy, but is most commonly a reinsurance treaty, which covers the Reinsured’s portfolio of defined classes of risks.