Reinsurance at
A Glance

Reinsurance in its simplest sense is insurance for insurance companies, that is purchased by an insurance company (the “ceding company” or “cedent” or “cedant” under the arrangement) from one or more other insurance companies (the “reinsurer”) directly or through a broker as a means of risk management.

The need for reinsurance arises due to the fact that any insurance company can only accept risk to the extent that its balance sheet allows. Where a large project or assets needs to be insured, the risk of which is bigger than the insurer can take on, the excess risk will be passed on to a reinsurer via a risk sharing arrangement.

The reinsurer then carries this risk against its balance sheet. Where the risk is very large, more than one reinsurance companies might be needed to carry the full extent of the risk.

A healthy reinsurance marketplace helps ensure that insurance companies can remain solvent (financially viable), particularly after a major disaster such as an earthquake, hurricane, or tsunami; because the risks and costs associated with such a major event is spread over the combined assets of the insurer and reinsurer/s.

Our Services

We transact Facultative and Treaty business in the following classes

Vehicles and Associated Liabilities

Individuals and business use vehicles to travel from point to point, as well as to deliver products and services.

  • If the vehicle is involved in an accident where the driver is responsible, vehicle liability cover protects the owner of the vehicle against the cost of this event.

Guarantee Business

Guarantee insurance is a type of insurance contract where the insurer agrees to indemnify the insured for a fixed sum against losses through fraud, dishonesty and breach of contract by a third party.

  • The most important feature of this contract states that the insurer stands as a surety against the action of a third party.

Personal Lines

Personal lines insurance is insurance that is offered to individuals and families rather than organizations and businesses.

  • The most common types of personal line insurance are property and casualty insurance, which includes automobile, homeowner and renters insurance.

Medical Insurance

Medical (Health) insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses.


Life insurance is a type of insurance that guarantees the payment of a specific sum of money to a designated beneficiary upon the death of the insured or to the insured if he or she lives beyond a certain age or is disabled.


Fire insurance covers damage or loss to a property because of fire, and it covers the cost of replacement and repair or reconstruction of the property.


Aviation insurance provides coverage for hull losses as well as liability for passenger injuries, environmental and third-party damage caused by aircraft accidents.

Special Riot Risk

Special riot risk insurance provides cover against damage to property and consequential loss caused by riot or civil commotion;

  • strikes, lockouts, and labour disturbances; acts to overthrow or influence any State or Government or any local authority with force or by means of fear, terrorism or violence; acts with a political objective or to bring about social or economic change, or in protest against (authority) or for the purpose of inspiring fear in any section of the public.

Engineering Risks

Engineering insurance refers to the insurance that provides economic safeguard to the risks faced by an ongoing construction project,

  • installation project, and machines and equipment in project operation.