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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
(01.01.2017 — 31.12.2017)

From 01.05.2017, the limit of the contract is increased as follows:

Automatic coverage of fire and related risks for Property portfolio with limit up to EUR 150,000,000 (or USD 180,000,000 or RUB 10,500,000,000) excess of EUR 2,000,000 (or USD 2,500,000 or RUB 140,000,000) each and every loss each and every one risk.

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

The leader is SCOR (S&P — AA-) with the share of 19.9%.

The reinsurers are Hannover Re (S&P — AA-) — 17.4 %, Partner Re (S&P — A+) — 10 %, Swiss Re S&P — AA-) — 19% and other large European and Russian reinsurance companies.

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
(01.01.2017 — 31.12.2017)

Automatic coverage of Engineering portfolio (including CAR/EAR, TPL and CPM risks) with limit up to EUR 100,000,000 (or USD 125,000,000 or RUB 5,000,000,000) excess of EUR 2,000,000 (or USD 2,500,000 or RUB 100,000,000) each and every loss each and every one CAR/EAR risk and excess of EUR 500,000 (or USD 625,000 or RUB 25,000,000) each and every loss each and every one CPM risk.

The leader is Swiss Re (S&P — AA-) with the share of 32%.

The reinsurers are Hannover Re (S&P — AA-) — 21,5%, SCOR (S&P — AA-) — 10%, GenRe (S&P — AA+) — 7%, other leading international reinsurance companies — 18,5% and large Russian reinsurance companies — 10,5%.

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
(01.01.2017 — 31.12.2017)

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 limit up to EUR 30,000,000, (with an additional EUR 8,000,000 for any clash) excess of EUR 800,000 each and every loss each and every one risk.

The leader is Munich Re (S&P — A+) with the share of 34%.

The reinsurers are Swiss Re (S&P — AA-) — 15%, Sava Re (S&P — A-) — 5%, Polish Re (AMbest — А-) — 7%, GIC (AMbest — А-) — 9%, Catlin Re (S&P& nbsp;— А+) — 7% , and other reinsurance companies with a total share of 23%.

Reinsurance is carried out through Willis Limited (London).

The territory of validity:

All over the world

Private Property
(01.01.2017 — 31.12.2017)

Automatic coverage for Private Property portfolio against fire and related risks with 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 leader is Gen Re (S&P — AA+) with the share of 55%.

The reinsurers are Sirius (S&P — А-) — 20%, Hannover Re (S&P — АА-) — 15 %, Russian Re — 10%.

The territory of validity:

Russian Federation, including interests abroad.

Liability
(01.01.2017 — 31.12.2017)

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. Limit under Port Operator’s Liability is up to 30.000.000 EUR (or 33.333.334 USD, or 2.100.000.000 RUB) excess of 800.000 EUR (or 888.889 USD or 56.000.000 RUB) each and every loss each and every one risk and 18.000.000 EUR (or 20.000.000 USD, or 1.260.000.000 RUB) excess of 450.000 EUR (or 500.000 USD, or 31.500.000 RUB) under other risks .

The leader is Swiss Re (S&P — АА-) with the share of 36,75%.

TThe reinsurers are Hannover Re (S&P — АА-) — 30%, and other leading companies such as Re (AMbest — А-), Sava Re (S&P — А-), Deutsche Ruck (S&P — А+), VIG Re (S&P — А+) Trust Re (S&P — А-) — 33,25%.

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
(01.01.2017 — 31.12.2017)

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

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

The leader is Hannover Re with the share of 75%, Sirius — 25%

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
(01.07.2016 — 30.06.2017)

Automatic coverage of risks of death, permanent total and/or permanent partial disability, temporary disability and bodily injures with 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 leader is Hannover Re (S&P — АA-) with the share of 60%.

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

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

The territory of validity:

Worldwide.

Livestock
(01.01.2017 — 31.12.2017)

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

The leader of the contract is Partner Re (S&P — А+) — 35,5%.

The reinsurers are Catlin (S&P — А+) — 30 %, DEVK (S&P — А+), Trust Re (S&P — А-), Sava Re (S&P — А-) — 35,5%, and others.

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

The territory of validity:

Russian Federation.

Crops Stop Loss
(01.01.2017 — 31.12.2017 harvesting year)

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

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

The territory of validity:

Russian Federation.

Title
(01.02.2017 — 31.01.2018)

Automatic coverage of risks of termination or limitation of property rights with 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%.

The reinsurers are Catlin (S&P — А+) — 30 %, DEVK (S&P — А+), Trust Re (S&P — А-), Sava Re (S&P — А-) — 20%, UnityRe −10% and others.

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

The territory of validity:

Russian Federation.


Military or dual use Cargo
(19.02.2017 −18.02.2018)

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, RESO-Garantia, RNPK, VSK, Renaissance Insurance Group, Energogarant, Russian Re, RSHB Insurance.

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.

Obligatory Quota Share Reinsurance Contract of aircraft HULL, airline liability, airport owners and operators liability, crew personal accident
(01.07.2016 — 30.06.2017)

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 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 US dollars (section 2),

3) The amount ceded under the insurance policies of crew personal accident should not exceed 200,000 US dollars per person (section 3).

AlfaStrakhovanie PLC gross retention is 40% for each loss.

Reinsurers at the Contract are: Scor (S&P — АA-) — 12,5% — the leader of the Contract, Swiss Re (S&P — АA-) — 12,75%, 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 32,000,000 US dollars excess 2,000,000 US dollars)
(01.07.2016 — 30.06.2017)

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 US dollars excess of 2,000,000 US dollars each and every loss.

Reinsurers at the Contract are: Swiss Re (S&P — АA-) — 25% — the leader of the Contract, Munich Re (S&P — А+) — 15%, 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 475,000,000 US dollars excess 75,000,000 US dollars, including AVN52 risks not exceed 150,000,000 US dollars) and aircraft HULL (covering 13,050,000 US dollars excess 10,000,000 US dollars) (01.01.2016 — 30.06.2017)

According to the terms of the Contract reimbursements should be in amount not exceed 550,000,000 US dollars, for the losses incurred under the insurance policies classified by the Reinsured as liability and less than 23,050.000 US dollars for the losses incurred under the aircraft HULL policies.

Reinsurers at the Contract are: Swiss Re (S&P — АA-) — 26.5% /30.45% (Liability/HULL) — the leader of the Contract, Hannover Re (S&P — АA-), Partner Re (S&P — А+), 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)
(01.01.2016 — 30.06.2017)

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 US dollars excess 150,000,000 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
(01.07.2016 — 30.06.2017)

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 10,000,000 US dollars.

AlfaStrakhovanie PLC retention is 10% for each loss.

Reinsurers at the Contract are: Lloyd’s Syndicate 4472 LIB (S&P — А+) — 35% — the leader of the Contract, Swiss Re (S&P — АA-) — 30%, Lloyd’s Syndicate 1183 TAL (S&P — А+) — 25%.

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

The obligatory Space quota share reinsurance contract (01.04.2017 — 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 limit up to USD 4,500,000.00 each and every loss.

AlfaStrakhovanie PLC retention is 22.2222% for each loss.

Reinsurers are: 1183 TAL (S&P — А+) — 5.5%, Korean Re (S&P — A) — 11.1%, Partner Re (S&P — A+) — 22.2%, Swiss Re (S&P — AA-) - 22.2%, Hannover Re (S&P — AA-) - 11.1%, Aspen (S&P — A) — 5.5%.

Reinsurance is carried out through Willis Limited (London).

Territorial scope:

Losses wheresoever occurring

AlfaStrakhovanie is

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