Our Catastrophe Excess of Loss (XOL) Treaty programme provides cover for property damage in the event of a natural catastrophe. In addition to building and contents cover, the policy covers motor and marine property exposures. The 2016-17 programme is comprised of four policies; structured as follows:

• Layer 1: 100% reinsured
• Layer 2: 100% retained by ECRC
• Layers 3, 4 & 5: 100% reinsured but split 82% / 18% Class

Our Property Risk Excess of Loss (XOL) Treaty provides cover for single property risks accepted in the reinsureds Fire and Miscellaneous Accident department where the sums insured exceeds the retention appetite of the reinsured, up to a maximum of XCD 5m per risk. The minimum retention level for our reinsureds is XCD 250,000. 

We offer a combined product through which reinsureds can collectively reinsure Motor, General Liability, Employers Liability, Construction, Travel risks and Personal Accident risks relating to their Motor portfolio. Our 2016/17 programme structures are tailored to each reinsured according to their portfolio and the relative risk it presents. Cover is split into two sections outlined below.

The Catastrophe RPP contract is essentially a policy which provides funds to reinstate the Catastrophe XOL Treaty programme. Our reinsureds pay this upfront premium to automatically reinstate the cover provided under the original Catastrophe XOL Treaty programme in circumstances where the limits are eroded and to provide cover against a second natural catastrophe occurring within the same policy year. Our policy is a cost effective protection mechanism as the premium charged upfront is far smaller than the cost of buying a replacement Catastrophe Treaty post-event.
The scope of cover reinstated is identical to the coverage that it replaces. As several elements of the original Catastrophe XOL programme already include reinstatement provisions (see Catastrophe Excess of Loss section), the Catastrophe RPP contract is only required to provide funds to reinstate 82% of Layers 2, 3, 4 and 5.