Reinsurance brokerage is the process of sourcing appropriate reinsurance capacity on behalf of insurance companies and large risk holders, negotiating terms, executing the placement process, and managing claims recovery follow-up.
Why does Neolife make a difference in reinsurance brokerage?
Reinsurance is the mechanism by which insurance companies transfer risks that exceed their own retention or that they prefer not to carry. But the reinsurance market is complex: finding the right reinsurers, negotiating policy wording, and pursuing claims recovery requires specialist expertise.
Neolife is an independent reinsurance broker. We have no organic ties with any reinsurer or insurance company. Our sole objective is to secure the best capacity for our client, on the most favourable terms, and to remain by their side throughout the life of the risk.
What reinsurance solutions do we offer?
Facultative Reinsurance
A structure that assesses each risk individually and presents it to the international market. Preferred for large industrial facilities, energy projects and individual high-value risks. Neolife prepares the slip on behalf of the client, markets it to the relevant players, and negotiates the most favourable terms.
Treaty Reinsurance
A framework agreement under which the insurance company automatically cedes a defined risk category. Placement support is provided for all treaty types, including proportional structures such as Quota Share and Surplus Treaty, as well as non-proportional structures such as XoL and Stop Loss.
Excess of Loss Reinsurance (XoL)
A structure covering losses in excess of the insurance company's retention. Placement is carried out at Risk XoL (single risk), Aggregate XoL (total loss) and Catastrophe XoL (Cat XL / loss accumulation) layers. Actuarial support is provided for retention optimisation.
Catastrophe Excess of Loss Reinsurance (Cat XL)
Protection against cumulative losses arising from a single event (earthquake, flood, storm). Specialist expertise in Cat XL structuring and layer optimisation, with particular attention to Turkey's earthquake risk profile.
Quota Share & Surplus Treaty
Proportional structures in which premiums and losses are shared with the reinsurer at a defined ratio. Bespoke reinsurance programme design for insurance companies entering new lines of business or seeking to increase their underwriting capacity.
Large & Specialty Risk Placement
International co-reinsurance organisation and capacity aggregation in the Lloyd's subscription market for large industrial, energy, construction and infrastructure projects that the standard reinsurance market cannot accommodate alone.
In which lines of business do we arrange reinsurance placement?
Neolife has experience in presenting large and complex risks underwritten in Turkey to the international reinsurance market.
How Does the Reinsurance Placement Process Work?
Risk analysis and programme design
The portfolio structure, existing reinsurance programme and loss history are reviewed. Recommendations on retention, layer structure and coverage scope are prepared. Statistical analysis is carried out for treaty structures; an individual risk information note (slip) is prepared for facultative placements.
Market presentation
The prepared slip or treaty information is presented to reinsurers in Neolife's network. Lloyd's syndicates, the European market (including Munich Re, Swiss Re, Hannover Re, Scor, Gen Re). A competitive environment is created.
Quotation evaluation and negotiation
Quotations received are compared on premium, capacity, terms and conditions, exclusions and policy wording quality. Negotiations are conducted on behalf of the client to secure the optimum terms; policy wording details and loss definitions are scrutinised with particular care.
Slip / agreement signing
A reinsurance slip or treaty document is drawn up for the agreed structure, and signatures from all parties are obtained. The proportion and conditions of all reinsurers' participation are documented. A comprehensive reinsurance protocol is communicated to the client.
Programme management and renewal
During the policy period, changes in risk conditions, requests for limit revision and endorsements are managed. At renewal, market conditions are reassessed and, where necessary, new reinsurers are approached.
Claims notification and recovery coordination
When a loss occurs, all reinsurers are notified, the claims file is prepared and the recovery process is monitored. Where multiple reinsurers are involved, Neolife acts as the single point of coordination, accelerating collections.
Why an independent reinsurance broker?
Independent representation
The broker represents the client, not the reinsurer. Free from any ties to a reinsurer, the broker gives advice that puts the client's interests first.
Broad market access
Relationships with dozens of reinsurers, not just one company. A competitive environment delivers the best premium and coverage.
Policy Wording expertise
The details of the policy wording make a critical difference at the time of a claim. The broker advocates for the broadest possible coverage in wording negotiations, in the client's favour.
Claims coordination
In the event of a loss, the broker is the single point of contact with reinsurers. The recovery process is monitored, delays are prevented and collections are accelerated.
Market intelligence
Current capacity, pricing pressure and cycle management market intelligence is reported to the client on a regular basis.
Operational support
Full operational support in slip preparation, document management, bordereau tracking and accounting processes. The insurance company's internal workload is reduced.
Our international market access
The reinsurance needs of large and complex risks in Turkey frequently exceed the capacity of the domestic market. Neolife supports the presentation of these risks to the appropriate international markets.
Lloyd's of London
Subscription & syndicate market
German Market
Continental reinsurance capacity
Swiss Market
Global reinsurance centre
French Market
European specialty risk capacity
Turkish Reinsurance Market
Local capacity & compulsory cession
Neolife facilitates the international placement of risks underwritten in Turkey; it also supports the placement of international risks entering Turkey in the local insurance market.
Key reinsurance terms
| Term | Description |
|---|---|
| Facultative | Risk-specific reinsurance negotiated on an individual basis for each risk. |
| Treaty | A framework agreement under which a defined risk category is automatically ceded. |
| Quota Share | A proportional structure in which premiums and losses are shared at a fixed ratio. |
| Surplus Treaty | A proportional structure in which the amount exceeding retention is ceded to the reinsurer. |
| Excess of Loss (XoL) | A non-proportional structure covering losses in excess of a defined retention. |
| Catastrophe XoL (Cat XL) | An XoL structure protecting against cumulative losses arising from a single event. |
| Retention | The portion of risk retained by the insurance company itself. |
| Slip | A standard information document containing the reinsurance offer. |
| Claims Recovery | The collection from the reinsurer following a loss. |
| Policy Wording | The provisions governing the coverage language of the reinsurance contract. |
Frequently asked questions
Related articles
Market access notice
Munich Re, Swiss Re, Hannover Re, SCOR, Gen Re and the Lloyd's market are assessed within the framework of existing market access. The listing of names does not imply exclusive representation, coverholder status or a capacity commitment for every risk. Placement is subject to the acceptance of the relevant market and the terms of the agreement.