Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party.
We provide innovative and tailor-made risk solutions in Insurance and Reinsurance and Consulting geared towards capital management and strengthening our client’s balance sheet. First Sun Alliance is also one of the major players in Captive Management (Establishment & Management) in Botswana, South Africa, Zimbabwe and various other jurisdictions. First Sun Alliance has a deep understanding of the African markets and access to Lloyds markets.
We are inspired to assist clients in tackling underwriting and capital management objectives for start-up and mature insurance companies. Our powerful combination of specialized reinsurance broking expertise, advisory services, analytics and flexibility in negotiating tailor made solutions with a wide range of reinsurers affords us a cutting edge competitive advantage in enabling our clients to unlock value and achieve profitable growth.
We provide treaty, facultative and alternative risk transfer solutions in the following classes: