BMS Re Ltd - Products

Whole account or general non marine account

• Specific Treaty account
• Specific Direct and Facultative account 
• Umbrella over all classes

• Per Risk
• Clash

• Property treaty account
• Property direct account

Another area in which BMS Re have built a good reputation is in the execution of these placements. We see OLW as an area of business that will grow for BMS Re and are comfortable with our role as an intermediary as long as we can maintain our own self imposed standards of best practice.

Whilst it is a relatively straightforward and quick process in obtaining prices, we like to ensure that at the moment we are engaged with a buyer and seller on a deal, that all the key terms and conditions are fully understood by both parties - the warranty, territorial scope, the price with or without reinstatement and a time limit (if applicable) for the upward or downward revision of an industry loss.

We believe we have access to the whole market place and have been successful in developing a portfolio which meets largely with our clients request to provide natural perils coverage for USA catastrophes of $10bn or greater. There continues to be a market for, and an interest in, warranty coverages for Aviation reinsurers but in Marine and Personal Accident classes, buyers and sellers have fallen away.