Reinsurance
Lexgarant Insurance Company is authorised to perform reinsurance activities (reinsurance licence No ПС/PS 0348, granted on 12.10.2015).
So as to provide a secure and a reliable insurance and reinsurance protection Lexgarant has entered into reinsurance and retrocession arrangements with leading reinsurance markets of the world.
These automatic reinsurance/retrocession facilities enable Lexgarant to write large limits:
|
Type |
Treaty limit |
Leading |
|
Aviation Hull and Liability |
Combined Single Limit of USD 165,000,000 any one occurrence/aircraft including a liability sublimit of USD 150,000,000 any one occurrence/aircraft and a hull and hull war sublimit of USD 15,000,000 any one occurrence/aircraft. |
Swiss Reinsurance Company Ltd. |
|
Cargo risks |
USD 6.000.000 any one conveyance |
Pembroke Managing Agency Ltd |
|
Property risks |
USD 5,000,000 any one location |
Hannover Re |
|
Liability risks |
USD 1,000,000 any one occurence |
Hannover Re |
|
Motor hull |
USD 200,000 any one vehicle |
Hannover Re |
The facilities above:
- - are placed on an underwriting year basis, allowing greater protection to the client until the expiry of the policy;
- - are automatic and do not require any confirmation of rates or any other terms and conditions from the reinsurers during the policy period. This enables Lexgarant to accept risks quickly (the decision to underwrite the risk can be taken the same day Lexgarant is approached), and give competitive and flexible terms and conditions to clients; and
- - are worldwide in geographical scope, which means risks and clients can be accepted from any part of the world.
We can also arrange facultative reinsurance placement for risks not accepted by the treaty reinsurers. This can be done at the best terms and conditions available in the market and within a short time frame.
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