Recent years have demonstrated that both the frequency and severity of catastrophes can have a devastating impact on insurer balance sheets. Our goal is to help you manage that risk by providing unsurpassed security and responsive claims management.
Chubb Tempest Re Bermuda’s success with managing that risk is built on a combination of state-of-the-art analytical capabilities and a responsive and transparent approach.
Our underwriters utilize the most sophisticated techniques available for risk assessment and employ multiple event-based catastrophe simulation models to evaluate the loss potential of each risk assumed. For perils and regions where a robust vendor model is not available, we rely upon a proprietary exposure and experience model, developed over our operating history.
Our proprietary portfolio management system helps us to streamline a complex and data intensive process allowing us to assess each risk as well as evaluate the amount of capital required to support it. We further stress test our portfolio by managing to worst case events. This highly technical approach combined with a measured willingness to lose ensures our interest in being a valued catastrophe reinsurance partner now and in the future.
We believe that our analysis is only as strong as the tools we use and the data we are provided. Our in-house research & development team works with our underwriters to evaluate the strengths and sensitivities of the models and to determine any adjustments that are warranted. In addition, we assess data quality issues and strive to gain a comprehensive understanding of a client’s exposures through extensive exposure profiling and mapping. We work closely with our brokers and clients to provide transparent feedback of our analysis and modeling, as well as an understanding of pricing.
Chubb Tempest Re Bermuda continually responds to your needs by developing innovative, customized reinsurance products. We offer property catastrophe, casualty and specialty reinsurance products worldwide. Here is the list of products:
Property Catastrophe Reinsurance
Casualty Reinsurance
Specialty Reinsurance
Chubb Tempest Re Bermuda takes pride in bringing superior underwriting expertise, capital and capacity to the worldwide reinsurance market. Our solid financial ratings, strong balance sheet and responsive claims paying have earned us a reputation as a world leader in the property and casualty reinsurance market.
Visit Chubb Investor Relations for current financial ratings, the annual report and financial supplements.