The Faraday Property Treaty team provides significant natural perils catastrophe cover to insurance companies around the world.
55% of our book is in the US, with 45% being in international territories, and we lead or make pricing input on approximately 40% of it. Catastrophe excess of loss makes up 94% of our business, with 5% pro-rata and 1% risk excess. Our clients range from single state mutuals in the US and single island writers in the Caribbean, to global insurance writers with worldwide exposures.
Whilst generally writing at the lower to middle end of programmes, we are always willing to consider new opportunities. We seek to support best in class, and pick our partners on the basis of long-term viability and willingness to trade through cycles. The quality of Faraday’s ownership, and our significant capacity, mean that we can offer a robust and durable product.