Re-Insurance
Re-Insurance
For proper and adequate reinsurance arrangement on Clients risk financing objectives and security, W.R.O.B have entered into many reinsurance programmes with our reinsurers namely:
- Surplus treaty cover for our Fire/Allied perils, Marine cargo, Marine Hull and Engineering
- Excess of Loss Treaty for our Motor & Miscellaneous Accident
- Working Excess of Loss cover for our Fire & Allied Perils Insurance
- Quota Share for Bond
- Outward Facultative Reinsurance support from WAICA Reinsurance Pool
- Non-bulking line slip for our Oil & Energy Risk
Though, there are limited reinsurers, but we have carefully selected ours base on their;
- Company’s capital base
- Immediate ability to response to cash call
- Proper servicing of accounts, and
- Broker’s acceptance of the Reinsurer