Transformer/Fronting Arrangements Available

• Protection Buyers who may prefer to buy protection in reinsurance form rather than as a derivative can use a Transformer/Fronter.
  
  
• Transformer/Fronting Arrangements convert protection bought in derivative form into traditional ILW reinsurance by selling an ILW reinsurance policy to a Protection Buyer offsetting it with an equivalent IFEX ELF.
  
  
• This would allow Protection Buyers to get full capital relief.
  
  
• There are a number of reinsurers which will offerTransformer/Fronting Arrangements for IFEX.