At Four Points Re
each program is customized for the participant.
In general, a Participant will be provided a liability policy from an A-rated insurance company.
A certain portion of that coverage will then be reinsured to Four Points Re SPC, Ltd. The underwriting and results associated with that portion of the insurance program will inure to the participant through its Participation Agreement with Four Points Re.
Participants enter into a contractual arrangement with Four Points Re via a Participation Agreement. After the program’s losses and expenses are paid or accounted for, participants receive any underwriting profits related to their Program.
To avoid situations where premium payments are not adequate to cover the liability for losses and expenses, the participant provides additional collateral, usually in the form of a Letter of Credit up to policy limits.