Reinsurance

Reinsurance

Reinsurance is a mechanism to transfer risk exposure from an Insurance company to a Reinsurance company. In an unpredictable global climate, TMIBASL brings traditional and customized Reinsurance solutions that suits the needs of the insurance company.

Our team comes with technical competence, industry knowledge and practical experience of global markets to help Insurers prepare for difficult times. We believe that claims recovery is a test of certainty regarding reinsurance placements. We strive to achieve the reinsurer’s concurrence on valid claims, followed by prompt recovery. This eases the cash flow requirement and helps our clients to timely honor their promise.

Facultative Reinsurance

Facultative Reinsurance handles individual large and complex risks. The Insurance companies can concentrate on growing their business without exposing their business to excessive volatility from individual policies and have stable results.

Our team with strong domain knowledge and expertise, collaborate with our clients to understand their needs, and subsequently develop solutions that capitalize on the quality of our expertise.

For Policy related
queries contact:

Contact

Mr. Bankim Parekh

Head - Facultative Reinsurance

corpcomm@tmibasl.com

Classes of risk

Aviation & Space

  • Hull, Aviation Liabilities, War, Drone, Satellite Launch, etc.

Engineering

  • Contractors All Risk, Erection All Risks, Advance Loss of Profit, Decennial Liability, Contractors Plant & Machinery, Machinery Break Down and Comprehensive Machine Insurance

Energy

  • Onshore and Offshore

Liability

  • Cyber, Environmental & Pollution, Director & Officers, Professional Indemnity, Intellectual Property Rights, Commercial General Liability, Crime, Kidnap & Ransom, Clinical Trials, etc.

Marine & Specie

  • Cargo, Delay in Start-up, Hull, War, Marine Liabilities, Fine Arts, Bullions, and Cash in Transit

Miscellaneous

  • Event Cancellation, Personal Accident, Film Insurance, Political Risks, Trade Credit, Surety & Bonds

Property

  • Mega Risks, Industrial All Risks, Business Interruption, Standalone Terrorism and Political Violence

Our strength lies in generating lead terms from reputed reinsurers and providing alternate options suitable to our clients need.

We handle all Reinsurance transactions with highest standards of professionalism and adhering regulatory compliances.

Disclaimer : For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

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Composite Broker License No. 375 I Validity 13/05/2020 to 12/05/2023 I CIN: U50300MH1997PLC149349 | IBAI Membership No. 35375
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