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Specialty Reinsurance

Expertise in specialty risks, cyber, marine, surety and other emerging exposures.

Specialty

Specialty lines demand niche underwriting knowledge and careful accumulation control. Power Re provides selective capacity where our expertise adds genuine value.

Power Re approaches this line as a specialist: we assess each risk on its own merits, price it with actuarial rigor, and structure cover that genuinely fits the cedant’s exposure and objectives, never a one-size template.

Structures

How we structure it

The structures we most often deploy for this line, proportional and non-proportional, tailored to your book.

Cyber

Cover for SME and fronted cyber portfolios.

Marine

Selective marine and cargo capacity.

Surety

Support for surety and bond portfolios.

Risk

Key risks & considerations

What we focus on when we underwrite this line.

Niche, heterogeneous exposures requiring expert judgment.
Systemic and aggregation risk, especially in cyber.
Model and data scarcity.

Our appetite

Specialty programs where our expertise adds value and aggregation is controllable.

Technical note

We deploy selective capacity with strict limits and tailor structures per sub-line, see cyber, marine and surety.

Models

Actuarial modeling

The frequency and severity models we use to price this line, and the loss it aggregates to.

Frequency models

PoissonNegative binomial (clustering)

Severity models

Pareto / Generalized ParetoMixed / parametric (index)

Extreme-value tail (GPD)

$$\Pr(X>x)\approx \Big(1+\xi\,\tfrac{x-u}{\beta}\Big)^{-1/\xi}$$

Above a high threshold u, the tail follows a Generalized Pareto Distribution; systemic accumulation is modeled with clustering and, for agriculture, parametric indices.

Severity models

Severity model	Typical use
Lognormal	Body of the loss distribution, attritional claims
Gamma	Moderate, positively skewed claims
Pareto	Large claims and heavy tails
Generalized Pareto (EVT)	Extreme tail above a high threshold

Discipline

Our underwriting approach

The discipline is the same across every line we write.

Risk selection

We assess each risk on its merits and let marginal business go, growth by quality, not volume.

Pricing discipline

Experience and exposure rating, credibility-weighted, load the price for volatility and cost of capital.

Accumulation control

Clear limits manage concentration by event, geography and cedant across the portfolio.

Claims partnership

Fast, fair and transparent claims handling, the moment our promise is tested.

Why Power Re

Why cede Specialty Reinsurance to Power Re

✓
Specialist expertise
Deep technical knowledge of the line and of the Latin American market.
✓
Fast, clear decisions
A timely yes or no, with terms and capacity you can rely on.
✓
Financial strength
13× regulatory solvency coverage and a disciplined retrocession program.
✓
Long-term partnership
We co-design programs and stand with cedants through the cycle.

Let’s build resilient portfolios together

Partner with a reinsurer that combines technical discipline, financial strength and deep regional insight.

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