About CONGRUENT LARGE INDUSTRIAL RISKS

Designing a viable insurance solution for a large-scale industrial risk can be a daunting task, whether for private, non-profit or government entity.

The objective of our advisory service is to help the client navigate this challenging task. We do not get paid by our client in a billable format; we are, in essence, paid by a fraction of the insurance premium.

We consider and evaluate the legal jurisdiction where the startup will operate in. We evaluate the policy language in line with the governing law; we negotiate pricing that is commensurate with managing the risk while taking into consideration the reinsurance overhead amongst other necessary operational costs. We ensure that both the underlying risks and the reinsurance are fully documented with clear, coherent policies which are accessible to the client at all times.

We construct a cost-effective reinsurance solution that benefits the project’s balance sheet requirements. Where required, facultative or treaty reinsurance will be tailored towards the portfolio of risks, including any outlier risk requiring capacity, expertise, and further engineering analysis. Naturally, we take ownership, with much pride, of the task we are entrusted to deliver, leaving the client free to focus on the other facets of the project. We are free from constraints imposed by investors forcing a sales driven return. This yields an environment of support and continuity, which saves both time and cost at the renewal of cover.

We have the expertise to address the insured’s needs, the management of the insurance business as well as the ability to handle complex reinsurance and retrocessional arrangements, from experience in the London and New York markets.

Some of the project that our team of experts have worked on: