Programme design & optimisation
Evaluate retention, limits and structures to balance protection, cost and earnings volatility.
Retention levels, programme structure and renewal strategy affect earnings, capital and your ability to respond when a severe event occurs. We provide the independent actuarial, catastrophe and portfolio analysis behind those decisions — without a placement interest in the outcome.
Portfolios shift. Capital positions change. Market pricing moves independently of an insurer’s own risk. What looked like the right retention two years ago may now be costing more than it needs to — or leaving more exposed than the business realises.
These decisions are usually made under time pressure, informed by whoever is closest to the placement process. That isn’t a criticism of brokers — placement is their job, and they do it well. But the analysis behind what to buy, and the case for a different structure, benefits from a perspective that isn’t shaped by how the programme gets placed.
That is the gap this work fills: independent evidence for the retention, structure and renewal decisions that sit with you, not with whoever is placing the programme.
Most reinsurance conversations start with one of these. Begin with whichever you’re facing.
Informed by exposure and volatility analysis, not last year’s number rolled forward.
Comparing structures on a like-for-like financial basis, not just headline premium.
Understanding the risk being transferred before assessing what it should cost to transfer it.
An independent view of terms gives you a stronger negotiating position.
Modelling the capital and volatility consequence of structural choices.
Reviewing performance and recoveries before deciding what to change.
The analytical work behind those decisions. Most engagements draw on several of these at once.
We assess your current structure and model alternative retentions, limits and layers against your portfolio’s actual risk profile.
We independently evaluate proportional and non-proportional pricing using exposure, experience and portfolio-based methods.
We quantify the risk actually being transferred — concentrations, catastrophe exposure, loss volatility and tail outcomes.
We provide independent analysis and modelling through the renewal cycle, backing decisions with evidence you control.
We model how programme structures affect earnings volatility, solvency position and capital requirements.
We review historical programme performance and recoveries against what the portfolio actually experienced.
Actuarial pricing discipline, catastrophe modelling and portfolio analysis, brought together on a single reinsurance question — led by senior specialists from the first conversation to the renewal decision.
This is advisory and analytical work. We help you understand your risk, evaluate structures and assess terms. We do not place your programme, negotiate with reinsurers on your behalf, or earn any commission tied to what you buy. That is what allows our recommendation to be shaped only by the analysis — including, where the evidence supports it, a recommendation to keep the programme you already have.
Pricing and financial analysis grounded in the same discipline we apply to reserving and capital work.
Peril and exposure modelling that quantifies the risk actually being transferred, not assumed.
The specialists who scope the engagement stay involved through to the renewal decision.
Reinsurance advice adapted to the role each organisation plays in the market.
Designing protection around portfolio exposure, risk appetite and capital needs.
Supporting retrocession structuring, treaty pricing review and accumulation management.
Evaluating reinsurance and risk-financing options for concentrated or infrequent exposures.
This work is less common than our insurer and reinsurer engagements — if it reflects your situation, we’re glad to talk it through.
An anonymised example of how this work has looked in practice.
An Asia-Pacific property insurer approaching renewal needed to understand whether its existing reinsurance structure still matched its portfolio, amid changing exposure and market conditions.
Independent analytical adviser to the insurer, working alongside their existing broking relationship rather than replacing it.
Exposure analysis, catastrophe modelling and financial scenario testing, comparing the existing programme against alternative retention and limit structures.
Management’s choice of retention and limit going into renewal, made with a clear, evidenced view of the trade-off between premium cost, retained volatility and protection against severe events.
A stronger analytical position heading into renewal negotiations, and management confidence that the final structure reflected the portfolio’s actual risk rather than the prior year’s structure carried forward.
What this work has delivered for the organisations that commission it.
Reinsurance rarely sits on its own. These are the disciplines we most often bring alongside it.
Pricing, reserving and capital work beyond the reinsurance decision.
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Explore moreStrong decisions come from the right analysis — not more risk.
We bring together actuarial, catastrophe and portfolio expertise to help you design, evaluate and optimise reinsurance programmes that match your risk profile and business strategy.
Our work is independent, objective and focused on what’s right for you.
Evaluate retention, limits and structures to balance protection, cost and earnings volatility.
Independent pricing analysis for proportional and non-proportional covers.
Understand concentrations, catastrophe exposure, correlations and the drivers of tail risk.
Assess capital adequacy, solvency metrics and earnings volatility under different scenarios.
Clear analysis and insight to support negotiation strategies and strengthen your position.
Evaluate programme performance, claims experience and recoveries to inform future decisions.
One programme. Multiple perspectives. Better decisions.
Reinsurance choices affect more than premium. We analyse your programme through connected perspectives to understand the full impact — so you can choose the structure that’s right for your business.
What losses are we trying to protect against?
Where are concentrations and tail exposures changing?
What is the expected cost of transferring that risk?
What does each structure mean for volatility, solvency and capital efficiency?
Is the additional protection worth what we’re paying for it?
The right balance of protection, cost, capital and performance.
Reinsurance is complex. The right analysis makes all the difference.
From retention and structure to cost, capital and volatility, every choice has trade-offs. We help you see the full picture so you can make confident, well-supported decisions.
Our work goes beyond standard modelling to connect data, judgement and market insight — tailored to your portfolio, strategy and risk appetite.
We don’t sell reinsurance. We help you buy the right protection for the right reasons.
Our team combines actuarial, catastrophe, portfolio and capital expertise with decades of reinsurance experience across markets and structures.
We design and test a range of structures—from traditional to innovative—to find the right balance of protection, cost and flexibility.
We identify the exposures, correlations and market dynamics that have the greatest impact on your programme’s performance.
We quantify how each option affects earnings volatility, solvency, capacity and return on capital—not just the premium.
From early planning and strategy to negotiations and post-renewal analysis, we provide clear, independent analysis at every stage.
We work with you and your brokers, providing an independent view to challenge assumptions and strengthen your position.
Our purpose is simple: to help you design, evaluate and optimise reinsurance programmes that build resilience and support your strategy.
Experience across markets, territories and lines of business.
Advice driven by evidence and judgement — not market placement.
Tailored analysis that reflects your portfolio, objectives and risk appetite.
Different organisations approach reinsurance from different sides of the risk.
The reinsurance market connects many perspectives. We tailor our analysis to where you sit, the challenges you face and the decisions you need to make. One focus: better reinsurance decisions.
Helping primary insurers design and optimise protection that supports profitability, resilience and growth.
Supporting reinsurers with portfolio analysis, risk assessment, pricing insight and capital management across markets.
Providing independent analysis to support broking strategies, client advice and stronger placement outcomes.
Advising on risk transfer, alternative solutions and capital efficiency to help organisations protect what matters most.
Supporting the design and evaluation of reinsurance solutions for large-scale and systemic exposures.
Clear analysis to make better reinsurance decisions.
Tell us what you’re weighing. We’re glad to discuss how an
independent view of the evidence could strengthen your programme.