.jpg)
The company provides the following business portfolio: The company also handles a great volume of proportional and non-proportional account for clients covering all classes of business whether retrocessional, specific or whole account.
1. Facultative Reinsurance – This is provided for an individual risk on terms and conditions that have been agreed specifically for that risk, making up approximately 43% of the total gross written premium at present.
2. Treaty Reinsurance – Under this arrangement, we agree to accept the risks offered by insurance companies without the option of declining. Treaty arrangements are with both local and overseas reinsurance companies. This makes up approximately 57% of the total gross written premium at present.
The life business which was deferred in 2002 has now been reactivated. We have restarted the life operation from August 2011.
Life business also follows similar procedures as Non-life. We reinsure the under listed types of life businesses : • Mortgage Protection • Group Life Policy • Key man Policy • Loan Protection • Funeral Policy The company also handles a great volume of proportional and non-proportional account for clients covering all classes of business whether retrocessional, specific or whole account.
As a form of protection of our own exposure to catastrophes and a means of risk sharing we also protect ourselves against an accumulation of losses in different branches of business which may all become affected by the same catastrophe. We also purchase reinsurance from the following companies.
