Reinsurance Arrangement

 

CLASS CAPACITY
2016 REINSURANCE TREATY CAPACITY  
   
FIRE  
FIRE & SPECIAL PERILS/CON.LOSS N 5,400,000,000
TERRORISM (AS AN EXTENSION OF FIRE & SPECIAL PERIL POLICY N 500,000,000
   
GENERAL ACCIDENT:  
BURGLARY (PRIVATE & BUSINESS PREMISES) N 650,000,000
FIDELITY GUARANTEE N 165,000,000  
ALL RISKS N 390,000,000
GOODS IN TRANSIT N 465,000,000
PERSONAL ACCIDENT (GROUP) N 775,000,000
PERSONAL ACCIDENT (PERSON) N 260,000,000
PROFESSIONAL INDEMNITY N 820,000,000
MONEY INSURANCE (cash in transit) N 420,000,000
Cash in safe, Cash on counter, Cash in p/custody) N 420,000,000
DEFAMATION LIABILITY N 260,000,000
DIRECTORS' & OFFICERS' LIABILITY N 260,000,000
PRODUCT LIABILITY N 260,000,000
PUBLIC LIABILITY N 1,550,000,000
WORKMEN COMPENSATION N 540,000,000
EMPLOYERS LIABILITY N 540,000,000
OCCUPIER'S LIABILITY N 725,000,000
BUILDER'S LIABILITY N 725,000,000
PER. ACC. (INCLUDING GROUP PERSONAL ACCIDENT CAT. XOL : 50,000,000.00 XS 20,000,000.00  
PERSONAL LIABILITY N 160,000,000
: 25,000,000 XS 25,000,000
 
MARINE
MARINE CARGO  N 1,085,000,000
MARINE CARGO CAT. XOL: 175,000,000 XS 70,000,000  
MARINE HULL N 775,000,000
   
ENGINEERING
CONTRACTOR ALL RISK, PLANT ALL RISK ,ERECTION ALL RISK, ELECTRONIC EQUIPMENTS/ COMPUTER ALL RISK ,MACHINERY BREAKDOWN, LOSS OF PROFIT FOLLOWING MACHINERY BREAKDOWN, DETERIORATION OF STOCK, BOILER INSURANCE, POWER PLANT N 2,300,000,000
   
BONDS
PERFORMANCE, ADVANCE PAYMENT BID, CUSTOMS, SUPPLY & MAINTENANCE N 125,000,000 (PER BOND)
   
MOTOR
ALL TYPES N150,000,000 (PER VEHICLE)
   
ENERGY  
ENERGY RISK $ 31,500,000
AVIATION RISK $ 153,000,000 OR 3%
   
REINSURERS  
AFRICAN-REINSURANCE CORPORATION (RATING - S & P: A-, AM BEST: A-)
CONTINENTAL REINSURANCE PLC (RATING - AM BEST: B+)
SWISS RE (RATING - S & P: AA-, AM BEST: A+)
COMPANY/LLOYDS UNDERWRITERS (THROUGH JLT, WILLIS LTD, RICKARD LAZENBY INT'L)

 

N 260,000,000