reinsurance brokerage

Reinsurance brokerage is a service that helps insurance companies find and arrange coverage with reinsurance providers. When an insurance company issues policies, it may want to share some of its risks with other companies to protect against large or unexpected claims. Brokers act as intermediaries, understanding the insurer's needs and then identifying suitable reinsurance partners, negotiating terms, and facilitating the agreements. This process helps insurers manage their risk exposure more effectively, ensuring they can remain financially stable even if faced with large claims. Essentially, reinsurance brokers connect insurers with reinsurance companies to spread risk securely.