MRB Services | Mutual Reinsurance Bureau

1780 S. Bell School Rd
P.O. Box 398
Cherry Valley, IL 61016
815-332-3155 ph
815-332-3265 fax

Summary of MRB Lines Written/Capacities

MRB Services :: RRCP

01/01/2010

Capacity

	MRB’s per program capacity for 2010 is:
	Property	Capacity
	Per Risk (Pro Rata & Excess):	$ 5,000,000
	Catastrophe/Aggregate
	Capacity available from:
	MRB Assuming Member Companies	$ 7,500,000
	Retrocessional Capacity routinely available	$ 7,500,000
	RRCP	$30,000,000
	Casualty
	Working Layers (Pro Rata & Excess):	$ 2,000,000
	Clash/Excess	$ 3,000,000
	Umbrella (Pro Rata & Excess)	$ 2,000,000
	Personal, Farm & Commercial

Eligibility

MRB writes and markets reinsurance business on a direct basis;

MRB writes primarily treaty reinsurance, but will provide facultative coverage on a limited basis for treaty clients subject to available capacity;

MRB solicits business from primary insurance companies:

- Writing similar lines of business as MRB assuming member companies;
- With Direct Written Premium and Policyholder Surplus between $3 million and $300 million;
- Licensed and operating in one or more states and writing standard, main street business or a niche market offering specialized coverages to specific segments of the market; and
- Writing a combination of the following lines of business:

	- Fire & Allied Lines	- Other Liability (including Umbrella
	- Farmowner Multiple Peril	Liability, Personal & Commercial)
	- Homeowner Multiple Peril	- Automobile Liability & Physical Damage
	- Commercial Multiple Peril	(Private Passenger & Commercial)
	- Worker’s Compensation

MRB prefers to participate across a client company’s entire reinsurance program
Business ceded to MRB’s RRCP must be:

- For companies participating in the RRCP and subject to maximum participation of 10% and minimum policyholder surplus of $4,000,000;

- Top layer of Company’s property catastrophe program; and

- Less than 50% of total catastrophe program or $30,000,000;

Ineligible Business

Companies requesting reinsurance coverage for casualty lines of business only; Companies in business less than ten years;

The following lines:

	- Accident & Health Coverage	- Fidelity and Surety Coverage
	- Aviation & Marine Coverage	- Financial Guarantee Coverage
	- Business through MGA’s	- Flood Coverage
	- Credit and Insolvency Risks	- Highly engineered property risks
	- Difference in Condition Policies	- International – when written as such
	- Directors & Officers Liability Coverage	- Medical Malpractice Coverage
	- Errors & Omissions Liability Coverage	- Professional Liability Coverage
	- Excess and Surplus Lines

Financial Reinsurance Products;
LMX Placements;
Retrocessional Placements
Whole Account Stop Loss Reinsurance Coverage

Strategies/Services Offered

MRB believes in long-term, close working relationships with client companies;

MRB’s underwriting process includes detailed financial, underwriting, and claim analysis

MRB performs annual review and negotiation of terms on all contracts;

MRB maintains contract language comparable to industry standards;

MRB monitors concentrations of property exposures by geographic zones using AIR’s Catrader^TM Product

MRB underwrites working layer property and casualty business utilizing a combination of techniques;

MRB performs underwriting/rate/claims reviews on existing/prospective client company portfolios.

MRB Serving Since 1921
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