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<p>Bot: Creating new article from JSON</p> <p><b>New page</b></p><div>🤝 &#039;&#039;&#039;Reinsurance intermediary&#039;&#039;&#039; is a licensed broker or agent that acts as a go-between connecting [[Definition:Ceding company | ceding companies]] seeking to transfer risk with [[Definition:Reinsurer | reinsurers]] willing to assume it. Unlike direct-market placements, the intermediary negotiates terms, structures programs, and manages the flow of documentation, [[Definition:Reinsurance premium | premiums]], and [[Definition:Loss reserve | claims]] payments between the parties. Major global intermediaries — often the reinsurance broking arms of firms like Aon, Marsh McLennan, and Gallagher Re — wield significant market influence because of the volume of business they control and the analytical capabilities they bring to [[Definition:Reinsurance purchasing | reinsurance purchasing]] decisions.<br /> <br /> ⚙️ A typical engagement begins when the cedent shares its risk profile, [[Definition:Loss history | loss history]], and coverage objectives with the intermediary, who then prepares a [[Definition:Reinsurance submission | reinsurance submission]] and circulates it across the market. The intermediary solicits quotes, compares [[Definition:Reinsurance pricing | pricing]] and terms from multiple reinsurers, and advises the cedent on optimal [[Definition:Reinsurance program | program]] structure — including [[Definition:Reinsurance layer | layer]] attachment points, [[Definition:Reinsurance limit | limits]], and the mix of [[Definition:Treaty reinsurance | treaty]] versus [[Definition:Facultative reinsurance | facultative]] placements. Once the [[Definition:Reinsurance slip | slip]] is agreed and signed, the intermediary facilitates premium collection from the cedent and remits it to participating reinsurers, later managing the reverse flow when [[Definition:Reinsurance recoverable | recoveries]] are due. By convention — and by regulation in most U.S. states — premiums in the intermediary&#039;s hands are considered held in trust for the benefit of the parties.<br /> <br /> 💡 The value a skilled intermediary delivers extends well beyond matchmaking. Sophisticated brokers provide [[Definition:Catastrophe modeling | catastrophe modeling]], [[Definition:Actuarial analysis | actuarial analysis]], and strategic advisory services that help cedents optimize their [[Definition:Retention | retentions]] and capital allocation. They also serve as a barometer of the [[Definition:Reinsurance market cycle | reinsurance market cycle]], channeling real-time intelligence on capacity, pricing trends, and emerging [[Definition:Reinsurance security | reinsurer creditworthiness]] concerns. For smaller or less-experienced cedents, the intermediary&#039;s market access and negotiating leverage can be decisive in securing favorable terms that would be difficult to achieve through direct placement alone.<br /> <br /> &#039;&#039;&#039;Related concepts:&#039;&#039;&#039;<br /> {{Div col|colwidth=20em}}<br /> * [[Definition:Reinsurance broker]]<br /> * [[Definition:Reinsurance submission]]<br /> * [[Definition:Reinsurance slip]]<br /> * [[Definition:Ceding company]]<br /> * [[Definition:Treaty reinsurance]]<br /> * [[Definition:Facultative reinsurance]]<br /> {{Div col end}}</div>

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