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Reinsurance

Reinsurance

AlfaStrakhovanie has the long-term relations with the world’s largest reinsurance corporations and Russian insurance companies.

Foreign partners of AlfaStrakhovanie in the field of reinsurance are the leading reinsurance companies with the highest reliability ratings such as Munich Re Group, Swiss Re, Hannover Re, SCOR, GenRe, Partner Re and Lloyd’s of London. AlfaStrakhovanie cooperates with largest international insurance brokers Willis Limited, Marsh, AON Benfield and others.

The reinsurance protection of AlfaStrakhovanie Group may be carried on both obligatory and voluntary basis.

Property
(01.01.2018 — 31.12.2018)

Automatic coverage of fire and related risks for Property portfolio with a limit up to EUR 150,000,000 (or USD 187,500,000 or RUB 11,250,000,000) excess of EUR 2,000,000 (or USD 2,500,000 or RUB 150,000,000) each and every loss each and every one risk.

Business Interruption (including loss of rent), All Risk policies, Petrochemical risks, Machinery Breakdown risks are covered on an automatic basis.

The Leading Reinsurer of the programme is SCOR (S&P AA-) with the share of 20.0%.

The Following Reinsurers are Hannover Re (S&P AA-) — 16 %, Partner Re (S&P A+) — 10 %, Swiss Re (S&P AA-) — 18.5%, and other leading international reinsurance companies — 32%, RNRC (Fitch BBB) — 10% and Russian Re — 3.5%

Reinsurance is carried out through brokers Willis Limited (London), Guy Carpenter Limited (London), AON Benfield (London).

The territory of validity:

Russian Federation, including Russian interests abroad and in Post-Soviet countries (excluding risks appeared in the USA and Canada).

CAR/EAR
(01.01.2018 — 31.12.2018)

Automatic coverage of Engineering portfolio (including CAR/EAR, TPL and CPM risks) with a limit up to EUR 100,000,000 (or USD 125,000,000 or RUB 7,000,000,000) excess of EUR 2,000,000 (or USD 2,500,000 or RUB 140,000,000) each and every loss each and every one CAR/EAR risk and excess of EUR 500,000 (or USD 625,000 or RUB 35,000,000) each and every loss each and every one CPM risk.

The Leading Reinsurer of the programme is Swiss Re (S&P AA-) with the share of 35%.

The Following Reinsurers are Hannover Re (S&P AA-) — 20%, RNRC (Fitch BBB) — 10%, SCOR (S&P AA-) — 9%, GenRe (S&P AA+) — 6%, other leading international reinsurance companies — 16,5% and Russian Re — 3,5%.

Reinsurance is carried out through Willis CIS (Moscow).

The territory of validity:

Russian Federation, including Russian interests abroad and in Post-Soviet countries (excluding risks appeared in the USA and Canada).

Marine
(01.01.2018 — 31.12.2018)

Automatic coverage of CARGO and /or Specie risks, Rolling stock Casco, Carriers’ and Forwarders’ Liability, Hull and Building risks, P&I and Fine Art risks with a limit up to EUR 50,000,000 (or USD 50,000,000 or RUB 3,000,000,000) with an additional EUR 10,000,000 (or USD 10,000,000 or RUB 600,000,000) for any clash excess of EUR 1,500,000 (or USD 1,500,000 or RUB 90,000,000) each and every loss each and every one risk.

The Leading Reinsurer is Munich Re (S&P AA-) with the share of 34%.

The Following Reinsurers are Swiss Re (S&P AA-) — 15%, RNRC (Fitch BBB) — 10%, XL Catlin Re (S&P А+) — 7%, Trust Re (S&P A-) — 7.5%, Sava Re (S&P A-) — 4.5%, and other leading international reinsurance companies with a total share of 22%.

Reinsurance is carried out through Willis Limited (London).

The territory of validity:

All over the world

Private Property
(01.01.2018 — 31.12.2018)

Automatic coverage for Private Property portfolio against fire and related risks with a limit up to RUB 400,000,000 (or USD 10,000,000 or EUR 9,000,000) excess of RUB 40,000,000 (or USD 1,000,000 or EUR 900,000) each and every loss each and every one risk.

The Leading Reinsurer is Gen Re (S&P AA+) with the share of 60%.

The Following Reinsurers are Hannover Re (S&P АА-) — 18 %, Russian Re — 12%, RNRC (Fitch BBB) — 10%.

The territory of validity:

Russian Federation, including interests abroad.

Liability
(01.01.2018 — 31.12.2018)

Automatic coverage for Liability portfolio, including Professional Indemnity, General Third Party Liability, General Third Party Liability of Oil and Gas enterprises, General Third Party Liability of an owner of hazardous cargo, Port Operator’s Liability and Asset Managers risks with a limit up to EUR 18.000.000 (or USD 20.000.000 , or RUB 1.260.000.000) excess of EUR 900.000 (or USD 1.500.000 , or RUB 63.000.000 ) each and every loss occurrence.

The Leading Reinsurer is Swiss Re (S&P АА-) with the share of 36,8%.

The Following Reinsurers are Hannover Re (S&P АА-) —26%, RNRC (Fitch BBB) — 10% and other leading international reinsurance companies with a total share of 27.2%.

Reinsurance is carried out through Guy Carpenter Limited (London).

The territory of validity:

Russian Federation, including Russian interests abroad and in Post-Soviet countries (excluding risks appeared in the USA and Canada).

MOD CAT
(01.01.2018 — 31.12.2018)

Automatic coverage against of Motor Own Damage risks with a limit up to RUB 200,000,000 excess of RUB 10,000,000 each and every Loss Occurrence.

Loss Occurrence means all individual losses arising out of and directly occasioned by one catastrophe.

The Reinsurers are Hannover Re with the share of 75% (a leader) , RNRC (Fitch BBB) — 10% and Sirius (S&P А-) — 15%.

Reinsurance is carried out through AON Benfield (London).

The territory of validity:

Russian Federation, including Russian interests abroad and in Post-Soviet countries (excluding risks appeared in the USA and Canada).

Personal Accident and Sickness
(01.07.2017 — 30.06.2018)

Automatic coverage of risks of death, permanent total and/or permanent partial disability, temporary disability and bodily injures with a limit up toRUB 175,000,000 (or USD 3,500,000) excess of RUB 14,000,000 (or USD 280,000) in mortgage PA business, RUB 3,500,000 (or USD 70,000) in in collective (group) PA business and RUB 7,000,000 (or USD 140,000) in in individual PA business each and every loss each and every one risk.

The Leading Reinsurer is Hannover Re (S&P АA-) with the share of 60%.

The Following Reinsurers are QBE (S&P А+), Axis Re (S&P А+) , Mapfre Re (S&P А), VIG Re (S&P А+), Russian Re and RNRC with a total share of 40%.

Reinsurance is carried out through Malakut insurance brokers (Moscow).

The territory of validity:

Worldwide.

Livestock
(01.01.2018 — 31.12.2018)

Automatic coverage of livestock insurance policies with a limit up to RUB 600,000,000 excess of RUB 100,000,000 each and every loss each and every one risk.

The Leading Reinsurer is of the progremme is Partner Re (S&P А+) — 30%.

The Following Reinsurers are Catlin (S&P А+) — 30 %, DEVK (S&P А+), Trust Re (S&P А-), Sava Re (S&P А-) — 35,5%, RNRC (Fitch BBB) — 10% and other Russian companies — 4.5%.

Reinsurance is carried out through Malakut insurance brokers (Moscow).

The territory of validity:

Russian Federation.

Crops Stop Loss
(01.01.2017 — 31.12.2018 harvesting year)

The leader of the contract is Partner Re (S&P А+) — 35%.

Reinsurance is carried out through Malakut insurance brokers (Moscow).

The territory of validity:

Russian Federation.

Title
(01.02.2018 — 31.01.2019)

Automatic coverage of risks of termination or limitation of property rights with a limit up to RUB 150,000,000 excess of RUB 30,000,000 each and every loss each and every one risk.

The leader of the contract is SCOR RUS (S&P — АA-) with the share of 35%.

Reinsurance is carried out through AFM insurance brokers (Moscow).

The territory of validity:

Russian Federation.


Military or dual use Cargo
(19.02.2018 −18.02.2019)

Automatic coverage of military or dual use Cargo with limit up to:

  • USD 52,500,000 in respect of Cargo each and every loss each and every one risk.
  • USD 23,300,000 in respect of Exhibition Cargo each and every loss each and every one risk.
  • USD 27,900,000 in respect of Space Companies Cargo each and every loss each and every one risk.

AlfaStrakhovanie’s retention:

  • 9,42% or USD 4,944,444 in respect of Cargo each and every loss each and every one risk.
  • 21,71% or USD 4,826,244 in respect of Exhibition Cargo each and every loss each and every one risk.
  • 18,17% or USD 5,068,900 in respect of Space Companies Cargo each and every loss each and every one risk.

The reinsurers are Ingosstrakh, SOGAZ, VTB Insurance, RNPK, VSK, , Energogarant, Russian Re, RSHB Insurance, Eurasia, Belarus Re.

Reinsurance is carried out through RT-Insurance (Moscow).

The territory of validity:

Worldwide, including domestic shipments through the territory of the Russian Federation, including to / from / through the territory of the Republic of Crimea.

The obligatory Space quota share reinsurance contract
(01.04.2018 — 31.03.2018)

Automatic coverage of Space and /or related Risks including third party legal liability (excluding business defined by the Reinsured as Pre-Launch) with a limit up to USD 4,250,000.00 each and every loss.

AlfaStrakhovanie PLC retention is 23.5294% for each loss.

Reinsurers are: Swiss Re (S&P — AA-), Partner Re (S&P — A+), Hannover Re (S&P — AA-), Aspen (S&P — A), Russian National Reinsurance Company (Fitch — BBB-).

Reinsurance is carried out through Willis Limited (London).

Territorial scope:

Losses wheresoever occurring

Obligatory Quota Share Reinsurance Contract of aircraft HULL, airline liability, airport owners and operators liability, crew personal accident
(01.07.2017 — 30.06.2018)

According to the terms of the Contract, losses incurred under the insurance policies should be reimbursed on a pro rata basis:

1) The amount ceded under the insurance policies of aircraft HULL should not exceed 10,000,000.00 US dollars (section 1),

2) The amount ceded under the insurance policies of airline liability (including AVN52), airport owners and operators liability should not exceed 75,000,000.00 US dollars (section 2),

3) The amount ceded under the insurance policies of crew personal accident should not exceed 200,000.00 US dollars per person (section 3).

AlfaStrakhovanie PLC gross retention is 40% for each loss.

Reinsurers at the Contract are: Scor (S&P — АA-) — 13.5% — the leader of the Contract, Russian National Reinsurance Company — 6.0%, Swiss Re (S&P — АA-) — 13.0%, Partner Re (S&P — А+) — 7.5% and other foreign companies.

Reinsurance on the international market is performed through the broker Willis Limited (London)

Territorial scope:

All risks, excluding business, registered in the USA, Canada, Japan, Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Liechtenstein, Luxembourg, Malta, Mexico, Monaco, Netherlands, Norway, Portugal, Ireland, San Marino, Spain, Sweden, Switzerland, United Kingdom, Australia, New Zealand.


The obligatory reinsurance Contract of aircraft HULL, airline liability, airport owners and operators liability, crew personal accident (covering 32 million US dollars excess 2 million US dollars)
((01.07.2017 — 30.06.2018))

This Contract shall cover the Reinsured’s retention in respect of all aviation business ceded to Obligatory Quota Share Reinsurance Contract.

According to the terms of the Contract reimbursed should be in amount of 32,000,000.00 US dollars excess of 2,000,000.00 US dollars each and every loss.

Reinsurers at the Contract are: Swiss Re (S&P — АA-) — 25.0% — the leader of the Contract, Munich Re (S&P — АA-) — 15.0%, Russian National Reinsurance Company — 10.0%, Hannover Re (S&P — АA-) — 12.5% and other foreign companies.

Reinsurance on the international market is performed through the broker Willis Limited (London)

Territorial scope:

All risks, excluding business, registered in the USA, Canada, Japan, Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Liechtenstein, Luxembourg, Malta, Mexico, Monaco, Netherlands, Norway, Portugal, Ireland, San Marino, Spain, Sweden, Switzerland, United Kingdom, Australia, New Zealand.

The obligatory reinsurance Contract of airline liability (covering 475 million US dollars excess 75 million US dollars, including AVN52 risks not exceed 150 million US dollars) and aircraft HULL (covering 20 million US dollars excess 10 million US dollars)
(01.07.2017 — 30.06.2018)

According to the terms of the Contract reimbursements should be in amount not exceed 550,000,000.00 US dollars, for the losses incurred under the insurance policies classified by the Reinsured as liability and less than 30,000.000.00 US dollars for the losses incurred under the aircraft HULL policies.

Reinsurers at the Contract are: Swiss Re (S&P — АA-) — 25.0% — the leader of the Contract, Russian National Reinsurance Company — 10.0%, Partner Re (S&P — А+), Hannover Re (S&P — АA-), Lloyd’s Syndicates (S&P — А+) and other foreign companies.

Reinsurance on the international market is performed through the broker Willis Limited (London)

Territorial scope:

Losses wheresoever occurring

The obligatory reinsurance Contract excess of loss War Liability (AVN52)
(01.01.2017 — 31.12.2018)

This contract is to cover Reinsured’s aviation war, hi-jacking and other perils losses arising from the Reinsured’s portfolio of airline liability policies. The Contract covers 400,000,000.00 US dollars excess 150,000,000.00 US dollars.

The leader of the Contract is Lloyd’s Syndicate 1183 TAL.

Reinsurance on the international market is performed through the broker Willis Limited (London)

The obligatory quota share reinsurance Contract of aviation HULL War risks
(01.07.2017 — 30.06.2018)

According to the terms of the Contract, losses incurred due to aviation HULL War risks should be reimbursed on a pro rata basis in amount of not exceed 30,000,000.00 US dollars.

AlfaStrakhovanie PLC retention is 3.33% for each loss.

Reinsurers at the Contract are: Lloyd’s Syndicate 4472 LIB (S&P — А+) — 35.0% — the leader of the Contract, Swiss Re (S&P — АA-) — 30.0%, Lloyd’s Syndicate 1183 TAL (S&P — А+) — 12.5%, Russian National Reinsurance Company — 9.67%.

Reinsurance on the international market is performed through the broker Willis Limited (London)

AlfaStrakhovanie is

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Highest level of service
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More than 100 products for private and corporate customers
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About 270 representative offices
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25 years experience
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