Reinsurance Capacity
REINSURANCE PROGRAMME 2011-2012
In order to provide our partners with sound and reliable reinsurance cover "Transsiberian Re" offers to insurers reinsurance capacity on the basic lines of business with an automatic risk placement facility reaching USD 35 million and net-retention of up to USD 500,000 per risk.
The programmes have been annually renewed since 1999.
The major feature of our protection programmes is that the participants are only first-class reinsurers with high international ratings.
Structure of reinsurance programmes:
1. Property portfolio protection programme.
The capacity of the property treaty is US$ 35’000’000. The programme provides coverage for Fire and Allied Perils (including BI), Constructors All Risks (including MB) and technical risks.
The programme covers losses under the "all risks" policies and CAR insurance treaties, including post-completion warranties.
Total limit: USD 35'000'000
Net retention of the treaty is US$ 500,000.
Coverage: Fire and Allied Perils,including BI, CAR, MB and technical risks.
Territorial scope of the treaty is Russia, CIS and countries of Central and Eastern Europe.
Leader of the programme is PartnerRe.
The programme is placed by brokers Société de Courtage Re, RFIB and other.
2. Marine and cargo portfolio protection programme.
Capacity of the marine and cargo portfolio protection programme is 6 million US$ for Cargo, Marine Hull, builder's risks, P&I, marine liability. The programme also covers military risks.
Net retention of this treaty is US$ 500,000.
There are no exclusions as to the territorial scope of the programme.
Leaders of the programme are Lloyd's Sindicates. The programme is placed by the international broker Willis.
3. Liability portfolio protection programme.
From January 1st, 2007 portfolio of OJSC "Transsiberian reinsurance corporation" on liability is protected by a separate retrocession programme. Base of coverage is losses occured under the contracts accepted in reinsurance by "Transsiberian Re" during the calendar year.
This programme covers losses under liability reinsurance contracts , including General Third Party Liability, Products Liability, Professional Indemnity and other. Total Limit in this part of the programme is USD 5 million.
On January 1st, 2012 this program was renewed.
The lider of this program - Partner Re Europe Ltd.
Long-term relationship with first-rate reinsurers and international brokers allows OJSC "Transsiberian Re" to place reliably various facultative contracts with the volumes of liability up to USD 100 million.
We will be glad to provide you with more detailed information in Our Offices .
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