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Marine and Energy Reinsurance

Achieving profitable returns from complex marine and energy product lines requires a deep understanding of original risk, careful handling of volatile exposures and calibrated financial instruments to manage portfolio exposures. Our Marine and Energy practice helps you realize sustainable returns amid increasingly challenging global economic conditions.

A global team delivering expert advice

Whether you are seeking holistic solutions for your portfolio, cover for peak exposures or assistance with managing capital, Willis Re’s Marine and Energy practice is able to deliver tailored advice to address your specific needs.

We operate a global team across key geographies, spanning Singapore, London, Bermuda and New York, to offer localized service wherever your organization is based. Each of our hubs can rely on the depth of the wider Marine and Energy team, having access to advanced analytics, innovative product design and leading transactional capabilities that support delivery of bespoke, optimized reinsurance solutions.

  1. Tailored advice, targeted solutions
    We look to deliver reinsurance solutions that are based on a deep understanding of your business – its commercial targets, risk appetite, capital structure and coverage requirements.

    Our global team comprises groups of product-line specialists capable of providing expert advice ranging from commoditized excess of loss reinsurance protections, long-tail marine and energy liabilities reinsurances for mutual insurers, facultative solutions targeting specialist volatile energy and high value marine specie exposures and strategic capital management tools.
  2. Portfolio analysis – identifying risk, seizing opportunity
    Blending proprietory benchmarking databases with marketleading analytical insights from Willis iFM Online, our bespoke financial modeling tool, we collaborate with you to develop a deep understanding of your business, identifying the key risk management challenges and commercial opportunities you face, contextualizing performance within our extensive understanding of your specific market segment.

    Our analytical experts specialize in marine and energy. They use both individual client and our own data to provide stakeholder differentiated outputs to suit your needs. We provide detailed views on portfolio performance, technical reinsurance pricing and capital effects of different reinsurance programs.

    Our clients can use Willis Re input to review their own capital assessments and portfolio performance.
  3. Product design – constructing bespoke solutions
    Through market benchmarking and analysis developed from Willis iFM Online, allied to our in-depth market experience, we work alongside you to develop a robust risk management strategy, constructing sustainable and achievable reinsurance and capital management instruments that help maximize returns from your established portfolio, enable new growth strategies and realize your long-term commercial targets.
  4. Contract drafting – coverage aligned with your portfolio
    Willis Re works closely with global market bodies and clients to develop clear, broad terms of coverage that address effectively the challenges of today’s complex legal and commercial environment.

    Our contractual wordings experts will work with you to help ensure that your coverage is atuned with the peculiarities of your portfolio and capable of absorbing new risks brought by commercial realities.
  5. Negotiation, marketing and relationship management
    Management of market pricing conditions and risk partner sentiment is key to maintaining control of reinsurance expenditure over the long term.

    Our highly experienced transactional team works with each of our clients to align risk partners with their specific needs. We look to establish strong, flexible relationships capable of navigating the requirements and challenges brought by the insurance cycle, while being willing to challenge the status quo where necessary and appropriate to deliver best-in-class outcomes.

We focus on delivery of bespoke solutions which optimize returns for our clients and assist them in achieving their commercial objectives over the long-term.”

Nicholas Croxford | Managing Director, Marine and Energy Reinsurance
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