Re-insurance treaties
Re-insurance treaties
Prestige Assurance is very sensitive to its Customers’ risk financing quantitative and security; hence we place a high premium on the ideals of reinsurance. Our insurance policies are cautiously backed up with first class reinsurance arrangement. We have maintained a good partnership with several Reinsurance companies of high standing and rating both locally and internationally.
Below is our class-wise capacity with potential for increase and Ratings of our Security list:
|
CLASS |
CAPACITY |
|---|---|
|
FIRE & SPECIAL PERILS |
12,000,000,000 |
|
TERRORISM AND POLITICAL VIOLENCE ATTACHING TO FIRE |
1,800,000,000 |
|
ENGINEERING (OPERATIONAL) |
2,300,000,000 |
|
ENGINEERING (PROJECT) |
12,000,000,000 |
|
VIOLENCE ATTACHING TO ENGINEERING |
1,200,000,000 |
|
MARINE CARGO |
2,550,000,000 |
|
MARINE CARGO (PROJECT) |
2,800,000,000 |
|
GENERAL ACCIDENT |
1,600,000,000 |
|
MARINE HULL |
3,100,000,000 |
|
BOND |
200,000,000 |
|
AGRICULTURE (CROP) |
500,000,000 |
|
AGRICULTURE (POULTRY) |
250,000,000 |
|
AGRICULTURE (FISHERY) |
375,000,000 |
|
AGRICULTURE (AREA YIELD AND PRICE INDEX) |
700,000,000 |
|
OVERSEA MEDICLAIM |
USD725,000 |
|
AVIATION |
USD23,000,000 |
|
OIL & ENERGY |
USD61,000,000 |
|
MOTOR |
20,000,000 |
|
TERRORISM AND POLITICAL VIOLENCE (STAND ALONE) |
USD6,000,000 |
| REINSURERS | AM BEST | S& P | OTHERS |
|---|---|---|---|
| Africa Reinsurance Corporation | A | A- | |
| Continental Reinsurance | B+ | ||
| GIC South Africa | BB+ | ||
| Tunis Re | B+ | ||
| ZEB Re PTA | B+ | ||
| CICA Re | B | BB+ | |
| SCR Morocco | B+ | ||
| Aveni Re | BBB | ||
| New India Assurance | B++ | ||
| WAICA Re | B+ | ||
| Nigeria Re | BBB+ | ||
| Kuwait Re | A- | ||
| Ghana Re | B | ||
| International Ins. Coy of Hannover SE | A+ | AA- | |
| Swiss Re | A+ | AA | |
| HDI Gerling | A | A+ | |
| Santam Re | A+ | ||
| Atrium Llyod's Syndicate | A+ | ||
| FBS Re | NIL | ||
| Oman Re | BB+FITCH |
.