EMC and Mutual Reinsurance Bureau - International Cooperative ...

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RRCP • The RRCP currently has 51 members. The idea is that most mutual insurers have their own unique peak exposure territory for which they buy their top layer of cat XL reinsurance coverage. • The RRCP layer must attach excess of the modeled 100 year all perils, all zones return time loss. • MRB limits the pool modeled 1 in 250 year all perils all zones loss to $160 million…… or 4 times the maximum per occurrence, per client capacity of $40 million. • So far, premium has always exceeded loss amounts <strong>and</strong> has resulted in return premium to pool members every year since the pool inception in 1994.
RRCP • The RRCP has returned $113 million to participants since the 1994 start up. • The RRCP provides capacity up to $40,000,000 per occurrence, per client… but it must be a top layer <strong>and</strong> it must attach above the modeled 1 in 100 year loss. • The RRCP is a way for smaller (generally mutual companies) to “manufacture” their own capacity at very low costs rather than utilizing “for profit” venues for capacity needs.
Page 1 and 2: EMC and MRB Ron Hallenbeck & Tim Do
Page 3 and 4: EMC Insurance Building or Vodka Bot
Page 5 and 6: Characteristics of Companies with L
Page 7 and 8: Mutual Reinsurance Bureau (MRB) The
Page 9 and 10: Mutual Reinsurance Bureau (MRB) MRB
Page 11 and 12: MRB structure • MRB is not a char
Page 13: Regional Reciprocal Catastrophe Poo
Page 17 and 18: RRCP • One reinstatement of the C
Page 19: MRB

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