Services

Trean believes strongly in accessing independent, unbiased advice to provide you with the necessary tools to make beneficial long term decisions. We have working relationships with several leading independent firms, which allows us to provide you with comprehensive, cutting edge analytical advice for a variety of insurance/reinsurance needs.

Examples of Services:

  • Enterprise Risk Management
  • Capital Allocation and BCAR analysis
  • Actuarial Consultancy
  • Integrated Actuarial/Underwriting Support
  • Catastrophe Modeling and Accumulation Modeling
  • Risk/Capital Strategy
  • Reinsurance Pricing Analysis/Benchmarking
  • Risk Transfer Analysis
  • Industry Benchmark Data
  • Rate Level Studies
  • State Rating and Rate Plan Filing
  • Strategic Planning and Feasibility Studies
  • Self Insurance and Captive Analysis
  • Facultative Services

Trean Reinsurance - Facultative Services

Trean Re offers clients protection for their net exposures through access to domestic and global facultative reinsurance markets. Trean Re offers a wide array of facultative products, including:

  • Property
  • General Liability, including Products & Completed Operations Liability
  • Automobile
  • Workers Compensation
  • Professional Liability
  • Medical Malpractice and related Healthcare Liability
  • Accident, Health, Disability and Specialty Medical
  • Loss Portfolio Transfers

Trean Re places facultative reinsurance on behalf of traditional insurers, captives, risk retention groups, public entity pools, program managers and managing general agents. Clients utilize facultative coverage for a variety of reasons:

  • Increased capacity
  • Treaty exclusions
  • Net protection for layers below the attachment of treaty reinsurance or excess insurance
  • Accounts not eligible for treaty coverage due to size or premium to limits balance

Facultative coverage may be placed under several structures:

  • Spot or carve-out coverage: Reinsurance protection is limited to only a specified portion of an individual policy. Examples include a specific product or location. The governing coverage document is a facultative certificate.
  • Individual Risk: Reinsurance protection follows all coverage afforded by an individual policy. The governing coverage document is a facultative certificate.
  • Semi-automatic: Reinsurance protection covers a portfolio of risks. Eligibility and pricing parameters are agreed upon but each risk must be submitted by the client and accepted by the reinsurer prior to binding. While a full contract may be used, the governing coverage document is generally a "master" facultative certificate. A master facultative certificate differs from a standard facultative certificate only in incremental language that amends coverage to apply to multiple insured's. Coverage and payment are governed by the issuance of periodic endorsements adding coverage for accounts bound during a month or quarter.
  • Automatic Binding Agreement: Reinsurance protection covers a portfolio of risks. A full and mutually obligatory contract is the governing document. The contract often includes expanded terminology found in treaty contracts (errors & omissions, declaratory judgments, etc.)

Several of our Providers Include:

IRMS Actuarial Services, www.irmsactuary.com

Pinnacle Actuarial Services, www.pinnacleactuaries.com

Merlinos and Associates, www.merlinosinc.com

Streff Insurance Services, www.streffinsurance.com

RMS, www.rms.com