Reinsurance Operations


Treaty

In 2016, an obligatory reinsurance coverage was provided under the contracts, where the Reinsureds are:

  • Unity Re Ltd.

  • CJSC “GUTA-Insurance”

  • PJSC “Joint-Stock Insurance Company ENERGOGARANT”

  • IPJSC “Ingosstrakh”

  • JSC “SOGAZ”

  • PJSC IC “Rosgosstrakh”

  • LLC IC “Independent Insurance Group”

  • LLC IC “VTB Insurance”

  • LLC IC “Selecta”

  • FAIR Oil and Energy Insurance Syndicate

  • Hannover Re

  • CICA-RE,

  • CJSIC “Promtransinvest”

  • BRUEEII “Eximgarant of Belarus”

  • BRUIC “Belgosstrakh”

  • CJSC IC “Belrosstrakh”

The obligatory outward reinsurance contracts were concluded, the leaders of which are:

- Amlin Insurance SE (France) through the insurance broker Filhet-Allard Maritime (France) (cargo insurance)

- LLC “SCOR Perestrakhovanie” (Russian Federation), Hannover Re (Germany), Trust Re (Bahrain) through LLC “AXIOM InRe Insurance Brokers” (Russian Federation) (property, construction/erection and cargo risks insurance).

In addition, the structure of the reinsurance placement of “Green Card” Belarusian Certificates was formed for 2016: the coverage was provided by Swiss Re (Switzerland), Hannover Re (Germany), SCOR Global P&C SE (France), Partner Re (Switzerland), Deutsche Rückversicherung AG (Germany), Trust Re (Bahrain), LLC IC “VTB Insurance” (Russian Federation), placing broker – CJSC “Marsh - Insurance brokers” (Russian Federation).

In accordance with quota share reinsurance contract and retrocession of carrier’s liability against customs authorities under the TIR Convention as of 1975, Belarus Re accepts into reinsurance 65% of liability under the contract with its following placement in the amount of 50% of liability through the insurance broker Miller Insurance Services LLP (Great Britain) in Lloyd’s syndicates (Great Britain).



In 2015, the obligatory reinsurance treaties were in force with the following companies:

  • IPJSC “Ingosstrakh”

  • Hannover Re

  • PJSC IC “Rosgosstrakh”

  • Unity Re Ltd.

  • FAIR Oil and Energy Insurance Syndicate

  • JSC “SOGAZ”

  • PJSC “Joint-Stock Insurance Company ENERGOGARANT”

  • CJSIC “Promtransinvest” / BRUEEII “Eximgarant of Belarus”

  • BRUIC “Belgosstrakh” / BRUEEII “Eximgarant of Belarus”

  • CJSC IC “Belrosstrakh”.

Belarus Re acquired obligatory retrocession coverage:

- in relation to property, construction/erection and cargo risks: LLC “SCOR Perestrakhovanie”, Hannover Re, Trust Re

- in relation to cargo risks: Chubb Syndicate 1182.



In 2014, the obligatory reinsurance treaties with the following companies were in force:

  • Renewals:
    • Moscow Re OJSC

    • Ingosstrakh OJSIC

    • Hannover Re

    • Rosgosstrakh LLC

    • Societatea Comerciale de Asigurare-Reasigurare ASTRA S.A.

    • Unity Re Ltd

    • FAIR Oil and Energy Insurance Syndicate

    • SOGAZ OJSC

    • Insurance Company «Donaris Group» S.A.

    • Natural Disaster Insurance Pool of Romania

    • Promtransinvest CJSC/ Eximgarant of Belarus BRUEEII

    • BRUIC “Belgosstrakh"/ Eximgarant of Belarus BRUEEII.

  • The following coverage was provided for the first time:
    • IC Selecta Ltd

    • Insurance Open Joint-Stock Company Russian Insurance Centre

    • IC Belrosstrakh CJSC

  • Belarus Re acquired obligatory retrocession coverage from
    • SCOR Global P&C, Hannover Re and Trust Re in respect of property, CAR/EAR and cargo insurance.

    • Amlin Corporate Insurance in respect of cargo insurance.



    In 2013, the following obligatory reinsurance treaties were in force:Renewals:

    • Moscow Re OJSC;

    • Ingosstrakh OJSIC;

    • Hannover Re;

    • Rosgosstrakh LLC;

    • Unity Re Ltd;

    • Insurance Company “Donaris Group” S.A.;

    • Natural Disaster Insurance Pool of Romania;

    • “CJSIC “Promtransinvest”/ Eximgarant of Belarus BRUEEII;

    • BRUIC “Belgosstrakh"/ Eximgarant of Belarus BRUEEII.

  • The following obligatory reinsurance treaties were entered into for the first time:
    • JSC "Profile Re";

    • FAIR Oil Energy Insurance Syndicate;

    • Societatea Comerciale de Asigurare-Reasigurare ASTRA S.A.;

    • CJSC "GUTA-Insurance";

    • CJSC “Insurance Company “TRANSNEFT”.

  • Belarus Re acquired obligatory retrocession coverage from:
    • Amlin Corporate Insurance (Cargo)

    • SCOR Global P&C, Hannover Re, Trust Re, Ingosstrakh OJSIC and Moscow Re (Property, CAR/EAR and Cargo)



    In 2012, the following obligatory reinsurance treaties were in force:

    • National Insurance Company Limited, Kolkata

    • Moscow Re OJSC

    • Ingosstrakh OJSIC

    • Rosgosstrakh LLC

    • Unity Re Ltd

    • Natural Disaster Insurance Pool of Romania

    • Insurance Company “Pomosch” LLC

    • Giva OJSIC

    • Promtransinvest CJSC, Eximgarant of Belarus BRUEEII

    The following obligatory reinsurance treaties were entered into for the first time:

    • Greenstone Ins. & Re. Brokers

    • Colemont

    • Hannover Re

    • SOGAZ OJSC

    • VSK OJSIC

    • United India Insurance Company Limited, Chennai

    • The New India Assurance Company of Mumbai

    • General Insurance Corporation of India

    • Pakistan Reinsurance Company and Beema Pakistan Company Limited

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