General Reinsurance
Policies
General reinsurance that serves your client's needs and expands your business
We aim at prudent underwriting rather than pure premium growth, achieved through our competent underwriting team equipped with the right tools to analyse and rate risks appropriately. Our mission to be the preferred reinsurer of service in all markets that we operate in is at the centre of operations; hence our risk selection approach focused on four key elements (AIMS):
- Adequacy of Premium
- Cedant Involvement
- Management of Risks
- Source of Business.
Klapton Re offers the capacity to underwrite all the major classes of business in all the regions of operation, summed as follows;
Risk. Managed.
Agriculture
We offer various protection coverage for material damage loss to crops and livestock from perils such as disease, flood, fire, drought, storm, hail and wind, to name a few.
Treaty Proportional | USD 2.5M |
Facultative | USD 2.5M |
Aviation
Flying creates unique risks to businesses that own or use aeroplanes or helicopters for business purposes. This incorporates risks such as fire, theft, floods, hailstorms, wars etc. Because we understand that the risks associated with aviation can be catastrophic, we offer products tailored to cover your needs.
We offer Aviation Hull, War and P&I, Aviation Cargo material damage cover and Liability risks protection for aeroplanes or helicopters for private and business purposes.
Treaty Proportional Airline (Hull): USD 2M Airline (Liability): USD 2M General Aviation (Hull): USD 5M General Aviation (Liability): USD 5M |
Treaty Non-Proportional Airline (Hull): USD 2M General Aviation (Hull): USD 5M General Aviation (Liability): USD 5M |
Facultative Airline (Hull): USD 2M Airline (Liability): USD 2M General Aviation (Hull): USD 10M General Aviation (Liability): USD 5M |
Engineering
Our engineering policy covers a wide range of engineering-related products. It provides complete protection against risks associated with erection, resting, and working of any machinery, plant, or equipment, and it also provides protection against ongoing projects such as construction.
Klapton Re offers a wide range of engineering-related products, such as plant all risks, contractors all risks, single projects / annual projects, erection all risks, machinery breakdown, heavy equipment all risks and electronic equipment.
Treaty Proportional Probable Maximum Loss Basis: USD 10M Sum Insured Basis: USD 15M |
Treaty Non-Proportional USD 15 M |
Facultative Probable Maximum Loss Basis: USD 8M Sum Insured Basis: USD 15M |
Fire
| Treaty Proportional
Probable Maximum Loss Basis: USD 10M Sum Insured Basis: USD 15M |
| Treaty Non-Proportional USD 15 M |
| Facultative
Probable Maximum Loss Basis: USD 8M Sum Insured Basis: USD 15M |
Marine
| Treaty Proportional Cargo: USD 8M Hull: USD 8M Marine (Liability) USD 5M Energy: USD 5M |
| Treaty Non-Proportional Cargo: USD 8M Hull: USD 8M Marine (Liability) USD 5M Energy: USD 5M |
| Facultative Cargo: USD 8M Hull: USD 8M Marine (Liability) USD 5M Energy: USD 5M |
Motor
Accidents on the road are unexpected and can cause both financial and mental strain. Our policies are designed to relieve you of the financial burden you would sustain if you were involved in a road or car accident. Our products have a wide coverage from third party liabilities to damages to own vehicles arising from risks such as fire, theft, property damage etc. we cover both private and commercial vehicles.
Our products have a wide coverage from third party liabilities to damages to own vehicles arising from risks such as fire, theft, property damage etc., covering both private and commercial vehicles under the following categories; RVI. Motor Vehicles, MV TPL and MV Casco Cover.
Treaty Proportional | USD 5M |
Treaty Non-Proportional | USD 5 M |
Facultative | USD 5 M |
Surety Bonds
We offer a wide range of solutions and capacity for your regular guarantees, such as advance payment, performance, removal in transit, maintenance, retention, security, bid/tender bonds, and contract guarantees. In addition, for the right terms of cover, we extend our capacity and can provide lead terms on less traded types of sureties by most securities, namely guarantee backed debentures, trade finance, guarantees/ residual value, payment/repayment guarantee, and property buyers bond.
| Facultative: USD 25M |
Health & Medical
Health insurance is an agreement in which an insurance company agrees to pay for some or all of the insured’s medical expenses in exchange for a monthly premium payment.
Treaty |
Facultative Medical Cover: USD 150K |
Credit Life
Credit life insurance is generally a type of life insurance that may help repay a loan if the insured should die before the loan is fully repaid under the terms set out in the account agreement. This is optional coverage.
When purchased, the cost of the policy may be added to the principal amount of the loan.
| Treaty Group Credit Life: USD 150K |
| Facultative Group Credit Life: USD 150K |
Group Life
A group life insurance policy provides life cover protection to multiple individuals under single or master contract policy. The insurance company does not have to go through the tedious process of filling out applications or conduct medical tests for each applicant.
Treaty Group Life Cover: USD 2M |
Facultative Group Life Cover: USD 2M |
Funeral Cover
Funeral insurance is a financial cover for a family to pay for funeral costs
or other end-of-life expenses after you pass away. It can also cover major
setbacks like a terminal illness or accidental serious injury.
| Treaty Funeral Cover: USD 150K |
| Facultative Funeral Cover: USD 150K |