GIC Perestrakhovanie

GIC Re is ranked 11th Among the top
40 global reinsurance groups
by S&P Global Ratings

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Lines of Business

The Company's focus is a full range of facultative and treaty reinsurance across the traditional lines of Non-life business, including:


  • • Property
  • • Construction and Engineering
  • • Aviation
  • • Marine Hull and Cargo
  • • Energy
  • • General and Professional liability
  • • Motor

The business segments at GIC Perestrakhovanie LLC are divided into two main areas: marine (cargo, hull, aviation, offshore energy) and non-marine (property, construction and engineering risks, liability), where the Company writes business on Facultative and Treaty basis.

The Company's internal standards are targeted to a very prompt response to customers' requests.

The existing capacities for inward reinsurance are offered by the Company for risks from Russia and former USSR territories: Belarus, Ukraine, Georgia, Armenia, Azerbaijan, Uzbekistan, Turkmenistan, Tajikistan, Moldova, Kazakhstan and Kyrgyzstan:

Class of Business

Maximum capacity

Treaty

Facultative

Aviation

·      Airlines

USD 12 m any one Program

Hull: USD 17.5 million any one Hull

Liability: USD 150 m any one occurrence

·      General Aviation

Hull: USD 7.5 million any one Hull

Liability: USD 75 m any one occurrence

Property

USD 50 m

USD 50 m per policy.

Engineering

USD 50 m

USD 50 m per policy.

Marine

·      Hull

USD 2.5 m

·      Cargo

USD 5 m

USD 5 m

·      Energy

USD 2.5 m

USD 20 m

Miscellaneous

USD 10m

USD 25 m

Motor

USD 10 m

USD 5 m



Mr. Yogesh Kumar

Chief Underwriter, Marine

Mr. Ishan Somaiya

Chief Underwriter, Non-marine