Reinsurance is an arrangement by which an insurance company passes on a portion of the risk it has assumed onto another company which may be an insurance or a professional reinsurance company.
This may be done directly or through an intermediary referred to as a reinsurance broker.
SIC utilises this arrangement to enhance its capacity and financial security to underwrite any risk.
The Reinsurance/Reinsurance Brokers are as follows:
16 Reinsurers
Reinsurer
Country
Swiss Reinsurance Co.
South Africa
Munich Reinsurance Co.
South Africa
Honnover Reinskurance Co.
South Africa
Asicuraziole Generali Trieste
United Kingdom
Afro-Asian Insurance Services
United Kingdom
AON Group Ltd
United Kingdom
Marsh Ltd
United States
Africa Reinsurance CO.
Nigeria
Fair Reinsurance Pool
Turkey
United African Insurance Brokers
Nigeria
CICA Reinsurance Co.
Togo
Ghana Reinsurance Co.
Ghana
Mainstream Reinsurance Co.
Ghana
Member Companies of the International Underwriting Association of London