With a tailored carve out facultative solution it’s possible to retain a reasonable level of risk and at the same time isolate the problematic hazard. Our Slideshare highlights some of the ways our clients have used carve outs as an underwriting tool. Read More:

1. CARVE-OUTSCARVE-OUTS
What are they and how can they help you
meet your business objectives?

2. CARVE-OUTS
help you write or increase your share of accounts by
selectively isolating the tough exposures that handcuff you.
...for example,
carve-out the frame risk from a real estate schedule...

3. You retain a portion of the risk and
we provide an excess of loss Fac placement.

4. Fac capacity can be for net protection,
working layer protection or a pure capacity layer.
Excess of loss solutions are flexible.
INSURED BUILDINGINSURED BUILDINGINSURED BUILDING INSURED BUILDINGINSURED BUILDINGINSURED BUILDING
Net Protection
Capacity Layer
Working Layer Protection
Retention

5. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
The highest hazard piece of an account may drive
your line setting, resulting in a smaller percentage
participation than you might otherwise offer.

6. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
A location with poor construction or a high hazard
occupancy may cause you to decline an account that
would be a desirable addition to your portfolio.

7. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
Isolating a single peril for a Fac Carve-out can allow
you to offer a larger share of an account or increase
coverage limits to improve your competitive position.

8. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
Compare the expense of Fac for one location against
the loss of premium for declining the account or
offering a smaller share.

9. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
When the increased premium you retain exceeds the
additional carve-out expense, you are meeting a
higher priority goal of growth.

10. WHAT’SWHAT’S
IN IT FORIN IT FOR
YOU?YOU?
Surgically selective use of Fac capacity allows you to
expand into new markets.

11. WHAT’SWHAT’S
IN IT FORIN IT FOR
US?US?
We have the underwriting and claims skills as well as
the risk appetite to take on adverse selection.

12. WHAT’SWHAT’S
IN IT FORIN IT FOR
US?US?
We underwrite and price the exposure on its own
merits, with risk-based rates that correspond to the
hazard we are taking on.

13. WHAT’SWHAT’S
IN IT FORIN IT FOR
US?US?
We are de-linked from overall account pricing.

14. IT’S A WINIT’S A WIN
forfor
BOTH OF USBOTH OF US
We create an exchange of
expertise and ideas leading to
future opportunities.

15. We have a long track record of helping clients with
price and capacity on carve-outs so that they can
increase their options when underwriting risks.
To find out more, give us a call today.
+1 312 207 5357
© 2015 General Re Corporation | This presentation is intended to provide background information for our clients and professional staff. It is time sensitive and may need to be
revised and updated periodically.
T. Michael Maloney
PP
mmaloney@genre.comEE