title = "Direct Placement vs Brokered"

content = """
Reinsurance may be placed directly with reinsurers or through brokers. Each approach has advantages depending on relationship, complexity, and market conditions.

**Direct Placement:** Cedents with established reinsurer relationships may place directly. Reduces broker costs and can streamline communication. Suitable for renewals and stable programs.

**Brokered Placement:** Brokers provide market access, especially for new relationships or hard-to-place risks. They bring placement expertise and can help in distressed markets.

**Hybrid:** Many cedents use both: direct for core relationships, brokered for specialty or excess capacity.
"""  # noqa: E501

version = "0.0.1"
