Financial reinsurance products are insurance products that are designed to transfer risk from one party to another. These products are typically used by insurance companies to manage their risk exposure and to protect their balance sheets. Financial reinsurance products can be used to transfer risk from one insurer to another, or from an insurer to a reinsurer. They can also be used to transfer risk from an insurer to a third party, such as a hedge fund or a private equity firm. Financial reinsurance products can be structured in a variety of ways, including through the use of derivatives, such as swaps and options.