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International

International

As GIC Re spreads its wings to emerge as an effective reinsurance solutions partner for the Afro-Asian region and has started leading the reinsurance programmes of several insurance companies in SAARC countries, South East Asia, Middle East and Africa. To offer its international clientele an easy accessibility, efficient service and tailor made reinsurance solutions; GIC has opened liaison/representative/branch offices in London and Moscow. GIC provides following capacities for Treaty and Facultative business on risk emanating from the international market based on merits of the business.


Capacity Offered

GIC Re offers the following Underwriting Capacities to its international clientele.

 

Property

 
Type On PML Basis Sum Insured
Facultative US $ 20 million US $ 50 million
Treaty US $ 4 million US $ 10 million
 

Marine Hull, Cargo & Offshore Energy

 
Type Cargo Any One Hull Energy
Facultative $ 10 million $ 10 million $ 75 million
Treaty $ 10 million $ 10 million $4 million on the Net
 

Aviation

 
Type Any One Hull Liability (AOO)
Airlines US $ 10 million US $ 100 million
General Airlines US $ 5 million US $ 30 million
Treaty (Prop) US $ 500,000 million  
Dom/ SAARC GA US $ 30 million US $ 60 million
 

Liability

 
Type Limit of Liability basis (Claims made basis covers)
Facultative US $ 5 million
Treaty Proportional US $ 3 million
Non-Proportional US $ 4 million
 

Miscellaneous

 
Type Miscellaneous S I Basis
Facultative US $ 20 million US $ 50 million
Treaty US $ 4 million US $ 10 million
 

Motor (SI)

 
Type Motor
Facultative US $ 5 million
Treaty Proportional US $ 10 million
 

Life

 
Type Capacity Offered
Proportional 250 million/ US $ 5 million per person
Non-proportional 750 million/ US $ 15 million per treaty
 
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