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For Ceded Reinsurance buyers

Fresh and secure alternative capacity

For Whole Account or CAT XL protection on an UNL basis or Quota Share arrangements we offer aggregated single lines of up to:

  • £10,000,000 per contract with 60 days notification
  • £50,000,000 with 90 days notification.

For purchasers of ceded retro we offer covers or capital provision from insurance and capital markets, who currently have minimal exposure to global catastrophe events compared with available capacity.

We act as an aggregator and turnkey arranger for the clients, the benefits being a:

  • single gateway to the world of CEE, CIS & MENA insurance markets
  • common and specific transaction instead of numerous smaller companies or capital providers with a number of local ‘issues’ from different countries.

As a single gateway we provide Lloyd’s Syndicates and global reinsurers with alternative capacity or capital from areas of the world with little previous exposure to CAT retrocession written on a worldwide basis – despite having the necessary infrastructure in place to enter the market

 

 

The capital behind any transaction pass through a comprehensive 3-fold KYC & DD process being subject to final approval by Bermuda Monetary Authority and the “A” rated bank involved in the deal.

Two secure fully collateralised options

All our providers fully collateralise their liabilities in one of two ways depending on the need:

An Escrow (Collateral Trust) agreement which we are happy to help to arrange through SAC authorised status whereas the escrow agent for the transaction will be one of our strategic partner A-rated London-based banks.

For many jurisdictions an irrevocable and unconditional standby letter of credit with evergreen provisions for up to 3 years or longer if required.

Letters of credit can be specifically designed for pre-approved by the Client and bear a confirmation from an ‘A’ rated bank for 100% of ceded liability.

Our markets comprise some of the largest and well established local insurance market leaders and financial institutions interested in long-term professional cooperation.

 


A robust due diligence process

We believe that transparency and compliance form the foundation of our business relationships. This is why capacity providers and their markets undergo a comprehensive two pillar due diligence process by both us and our partner banks. The results of which are available to you for review.

Geographically our capacity markets comprise:

  • CEE – Albania, Bosnia, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia;
  • CIS – Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine;
  • MENA – Algeria, Bahrain, Egypt, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Turkey, Tunisia, United Arab Emirates and Yemen.