| Overview ~ The
economic and regulatory impact of the 00´s and 10´s dramatically altered
the relationship between ceding company and reinsurer. Treaties prepared
by a reinsurer can no longer be taken for granted. It can not be assumed
that such treaties will include and deliver exactly what you intended.
With the complexity of state regulatory requirements, treaty review by
an objective third party is extremely important.
Services ~ Mystic
will help you find the right reinsurance partner for your company´s specific
needs. We will oversee the entire transaction and even draft the treaty
for you if needed. Expand your options by letting us introduce
you to companies that may not specialize in reinsurance, but that would
be able and willing to accept your business as a reinsurer. Mystic can
help your staff prepare the reinsurance cession reports and assist you
in determining and facilitating the capture of the information the reinsurer
will require. We will also help you monitor the financial stability of
your reinsurance partner and the book of business reinsured.
Compliance ~ When
reserve credits are at issue, Mystic will help you structure the reinsurance
agreement to make sure those reserve credits will be acceptable to your
insurance department. Mystic is a fully licensed reinsurance intermediary
which assures you that our activities will be in compliance with your State.
Coinsurance ~ The
lifeblood of any insurance organization is the capital necessary to support
new business writings. For over three decades, Mystic has been a leader in helping
companies find access to this precious resource through reinsurance. We
pioneered the treaty design that solved the “full transfer of risk“ issue
to be in compliance with state regulations. When you need capital Mystic
is your best source.
Special Risk ~ Your
regular automatic reinsurers offer some, but probably not all, of the reinsurance
products you need. Mystic can help when it comes to finding a reinsurance
outlet for your non-traditional insurance products such as
Bulk ADB, long term care, stop loss and specialty health reinsurance coverages.
Assumption Reinsurance ~ Whether
you are the buyer or seller of a bloc of business, Mystic can assist either
party in drafting reinsurance treaties that will be fair to both sides.
In many instances before going to assumption reinsurance, coinsurance treaties,
administrative service agreements and trust agreements become a necessity.
Mystic can help you through this process.
Due Diligence ~
Mystic
believes that a successful reinsurance treaty requires constant vigilance.
Whether it be modeling the business reinsured or auditing the actual treaty
accounting Mystic can assist you in monitoring your treaty.
Summary ~ Let
Mystic be your reinsurance “back room“ and serve as a cost effective and
efficient adjunct to your staff.
For more information please contact us at Mystic Insurance Intermediaries at 262-538-4910 or....
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