New online fac cat system launch

Benfield has announced the launch of eCatFac, an electronic placing platform that facilitates the placing of facultative reinsurance for cedents with large catastrophe exposures."Facultative reinsurance is a highly customised tool that is increasingly being used by risk carriers to manage catastrophe exposure and terrorism issues, including the mitigation of peak exposures on large commercial property books," commented Elliot Richardson, Head of Benfield's global Facultative Solutions team.D