Reinsurance Scope
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Due to our expertise, experience, and technical know-how, we have specialized in Facultative and Treaty reinsurance across all lines of business. We can arrange facultative reinsurance, treaty reinsurance and retro reinsurance support for following class of business:
Property & Engineering
- Property reinsurance mainly deals with many different classes of original insurance business. The Principal classes are Standard Fire and Special Perils, Loss of Profit / Consequential Loss, Industrial All Risks, Property All Risks, Mega or Large Risk or Combined All Risk. Engineering Insurance which includes EAR/CAR, Advance Loss of Profit, Comprehensive Project Insurance, Machinery Breakdown, Machinery Loss of Profits, Contractors Plant & Machinery, Electronic Equipment, Boiler and Pressure Plant, Deterioration of Stocks.
Marine
- Reinsurance for Hull, Cargo, War Risk, Incidental non marine risk, Delay in Start Up, Goods in transit, Inland Transit, Protection and Indemnity, Port and Ship Repair Yard, and any other transit risk
- Oil & Energy – Offshore & Onshore / Operational Risks / Construction Risks
- Coverage includes Physical Damage to structures such as Platforms, Pipelines, SBM’s, Blow outs in the case of Wells at the time of Drilling or Producing.
- Marine Liabilities, Port Operators Liability, Charterers Liability Builder’s Risk (Rigs & Ships under Construction)
Aviation Hull and Liability
- Coverage includes Hull risks policy which covers accidental physical damage to aircraft. Hull War Risks protects an aircraft operator against war risks, spares, engines tools, equipment owned by insured or the property of others.
- Several types of aviation liabilities faced by aircraft operator include third party liability, passenger liability, baggage liability, cargo liability. Specific liabilities like airport liability, refuelling liability, hanger keeper’s liability can be covered too on standalone basis.
- Loss of licence cover protects pilots, co-pilots, and engineers from losing their license PA cover for Pilots and Crews.
Liability / Casualty
- Professional Indemnity (Annual or Project specific), Error & Omission
- Directors & Officers Liability
- Public & Product Liability
- Product Recall, Product Guarantee
- Decennial / Inherent Defect
Liability – Speciality Lines
Public Offering of Securities Insurance (POSI)
- Companies going for public issues can opt for insurance cover called (POSI), which would serve as a safeguard against any legal suit for wrong information in the public offer documents.
Litigation Buy-Out (LBO) Covers
- LBO provides coverage for a threatened, anticipated, or current litigation, arbitration, or dispute by ring-fencing the issue or providing cover in excess of the likely outcome.
Tax Liability Covers
- Helps provide financial protection against challenge by a tax authority of a tax position.
Mergers & Acquisition Covers
- To help protect buyers or sellers in mergers and acquisition transactions from financial loss in the event of a breach of representations and warranties made by the sellers.
Cyber Liability Covers
- Coverage of risks from exposures that originate from use of technology, Data Breach, Computer Crime.
Medical Malpractice / Pharma
- Coverage aims to protect hospital, medical practitioners against financial losses purported while rendering professional services. Being a type of professional indemnity plan, it provides coverage against a patient's claim of negligence.
Standalone Terrorism
- A separate specialty insurance policy that covers loss or damage arising due to act of terrorism
Niche Products
- Covers specifically designed to cover High Net-Worth Individual and their assets.
- High net worth insurance is a collective term which describes the insurance products designed to protect people with high-value homes and their belonging including jewellery, antiques, work of art, collectables, and overseas property. Cover can extend to include travel and personal accident either for business or pleasure.
Group Health Covers
- This is a type of group policy that provides term life insurance/ health cover or death benefit to the members of a group/ Corporate members for a fixed period.
Extended Warranty
- Coverage for end consumers, that would want a professional and continuous maintenance of their products purchased post the end of manufacturer’s warranty
Renewable Energy
- Worldwide coverage for all risks of physical loss or damage including machinery breakdown and ensuing time element to all companies involved in the development, construction and operations of renewable energy assets.
Other Lines of business
Motor
- Coverage is for Motor Own Damage, Third Party Liability in respect of passengers and Third-Party Property damage.
Agriculture
- Coverage is meant to compensate farmers’ losses arising due to production problems. It covers pre-sowing and post-harvest losses due to cyclonic rains and rainfall deficit. These losses lead to reduction in crop yield, thus, affecting the income of farmers. Solution can be specifically designed to meet specific need.
PA and Travel
- Corporate Personal Accident and Travel insurance is designed to address the financial effects of employees being unable to work because of injury and to provide support to employees on a business trip.
Terrorism
- Covers potential losses and liabilities that may occur as a result of act of terrorist activities.
Mass Scheme
- We have expertise in designing products for mass scheme covering entire population or subject matter across region, state, nation against named perils.
