Global Direct and Facultative

Global Direct and Facultative Unit

Property Risks

Facultative Reinsurance and Primary Insurance

Odyssey is offering coverage as insurance or facultative reinsurance, including captives, for all classes of property:

• Capacity is up to USD 2,500,000
• Exposure is worldwide
• Participation can be facultative reinsurance, including captives, or a low primary layer written as direct insurance
• All classes of property are eligible to be written, including general real estate, mining, chemicals, manufacturing, oil & gas, and more
• All perils can be considered, including all Natural Catastrophe perils worldwide
• Focusing on severity rather than frequency loss experience
• High rate on line business, aiming at average 30% (20% ROL and up)
• Policies are underwritten using either Odyssey Reinsurance Company paper for reinsurance policies, or Hilltop Specialty Insurance Company for non-admitted primary insurance written in the US
• Underwriting team based in New York.
• Quick turnaround on submissions, typically within 48 hours
• Accounting and Claims handling by a professional team fully integrated with the seasoned Latin America Fac operation in Odyssey’s Mexico office