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  • UNI Consulting

Facultative Reinsurance

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or deny a facultative reinsurance offer, which is made on a case-by-case basis. For instance, a ceding company might seek facultative reinsurance for a high-value property located in a hurricane prone area. Facultative automatic is a form of property and casualty (P&C) reinsurance that is a hybrid between facultative and treaty.

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