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By Paul Wöhrmann Xavier Groffils, Zurich International Services (Luxembourg) SA
International companies with reinsurance captives are able to optimize the scope of insured risks using fronting services provided by an international insurance company. Tangible benefits such as closing existing coverage gaps can be achieved by using reinsurance captives to optimize the breadth and depth of international insurance coverage and capacity limits to protect their operations around the world.
Very often, traditional insurance policies include "exclusions" or provide limited coverage through sublimits because of the insurer’s limited underwriting appetite for certain risks. Furthermore, it might be possible that insurers do not find respective facultative...
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