Alliant Re Expands Reinsurance Offering to Improve Placement Structure and Efficiency for Public Entities

Many public entities have access to reinsurance markets through their pooling organizations. Pools have the ability in many states to directly access the reinsurance markets, allowing flexibility in terms and pricing. Pools and individual public entities have also accessed reinsurance markets via captive insurers and fronting arrangements. With reinsurance offering significant opportunities for public entities, this year Alliant launched Alliant Re to bring these solutions directly to our clients.

Justin Conway, Senior Vice President, Alliant Re, says, “Alliant Re was created to bring the global facultative reinsurance market to Alliant’s growing portfolio of insureds. By working in conjunction with Alliant Retail P&C, Alliant Re can assess capacity shortfalls, create bespoke reinsurance placements and advise of the changing dynamics in reinsurance market.”

Alliant Re offers many advantages to Alliant clients, including:

• Increase insurer participation by securing facultative reinsurance to complete placements.
• Create of peril specific reinsurance placements (i.e. targeted cover for named wind storm, flood, convective storm, etc.).
• Evaluate second and third event coverage for placements with large retentions.
• Build fronted facultative towers and layers to fill capacity shortfalls on the placement.

Justin adds, “Alliant Retail P&C can engage Alliant Re on any account that may be under pricing pressure or have a capacity need. There is no added work required by the client as Alliant Re will use the standard market submission to access the reinsurance market.”

As the challenging market continues for public entity property and casualty placements, the addition of Alliant Re expands the capabilities and solutions available through Alliant as your specialized broker. Your Alliant representative will present applicable Alliant Re solutions as your renewal period approaches.