We administer proportional (pro rata) treaty reinsurance for our customers – whether on a quota share or surplus basis – through activities including:
- Creating risk patterns
- Issuing FDO statements (for declaration only) to register the risk within the London market Bureau
- Receiving and recording technical accounts
- Creating ledger entries
Underpinning these activities, we are very familiar with London market practice linked to submission requirements for both underwriting and syndicate reinsurance outward accounts. We know that careful monitoring of movement ranging over open quarterly accounts and various currencies may be required - and that submission for collection or settlement must be arranged.