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Reinsurance treaties

ReInsurance-Treaties

Our Capital Base

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