Successful renewal of CertAsig reinsurance programme
3 January 2012
On 1st January 2012, CertAsig was delighted to renew its core non-marine programme with its main leading reinsurers SCOR and Hannover Re. The programme includes property per risk, liability and catastrophe excess of loss protections.
As in 2011 CertAsig registered significant increase on Bond insurance and the expectations for 2012 are to maintain this trend, therefore CertAsig continues rely on Munich Re’s support on Bond insurance portfolio.
James Grindley, CEO of CertAsig said: “This continued and loyal support from our reinsurance partners gives CertAsig, our broker partners and clients added confidence in our core underwriting activities. I am very grateful to my expert underwriting, reinsurance and claims teams for their determination to grow the business in these specialist non-motor segments. I am proud and excited to be leading CertAsig into 2012 during which we expect even more success.”