What is the primary role of reinsurance`s broker ?

Ceeding the Risk to other Insurance co...

The reinsurance broker is a mediator between the insurance company and reinsurers playing a vital role in placing the risk and substantial business that underwritten in the ceding company office either by reinsurance treaty or facultative reinsurance placing and get a reinsurance brokerage from the ceding company for this job. As far as I know in London market the reinsurers dose not accept any risk unless that comes or introduced by a registered broker , that is to say they are not accepting direct reinsurance offers from the ceding companies.

Thanking you with my very best wishes.

The main role of a reinsurance broker is to bring insurance company (ceding office) and reinsurer into a relationship in the form of a reinsurance contract. In other words, reinsurance broker will assist insurance companies in placing different risks with reinsurance markets for several purposes. Additionally, reinsurance broker may hold other responsibilities which depends on the terms of the reinsurance contract.