Reinsurance Companies- Financial Guarantee and Customer Protection
The financial obligation of our customers are guaranteed not only by internal resources of the company but also by international financial market. The parties of the reinsurance contracts signed by Eurosig are reinsurance companies which fulfilled the international standards for claims payment and with high financial stability, listed on basis of international evaluations, in accordance to the defined criteria on legal acts, regulations and internal acts of Eurosig.
Eurosig Company has made big investments for the reinsurances with prestige reinsurance companies like as Hannover Re, Polish Re, Trust Re, Generali Group, Partner Re, Scor Re, VIG Re, in order to guarantee financial obligations and liabilities to the customers for the property insurance risk and also motor insurances liability including also facultative risks. Eurosig Group has expanded the cooperation with other reinsurnance companies like as MunichRe, Transatlantic Re, Atradius Re, Sava Re, Aspen Re dhe Swiss Re.
The reinsurance agreement for property insurances and third part liability insurances enables not only financial guarantee on big claims payment but also flexibility and quality for customer’s services.
Eurosig Company has also a good cooperation with reinsurance brokers for the only purpose of fulfilling the most appropriate technical and professional conditions. The Reinsurance brokers which Eurosig corporate are: Marsh (biggest broker in the world), AON (second biggest broker in the world), WILLIS, JLT Re, MAI Broker etc.
Eurosig Branches
Hannover Re
The most important rating agencies in the insurance industry have given the insurance company Hannover Re too high ratings for financial strength. Hannover Re, with a gross premium volume of around € 16.3 billion, is the third largest reinsurance company in the world. This company carries out activities in all aspects of Non-life, Life and Health reinsurance, being present on all continents.
Evaluation:
|
Rating Agency |
Rating |
Outlook |
|
A.M. Best |
A+ |
Superior |
|
S&P |
AA- |
Very strong |
Polish Re
Reinsurance Company Polish Re (Polskie Towarzystwo Reasekuracji) is the only company in Poland strictly specialized in the reinsurance business, providing insurance to insurance companies by taking over their share of income, insurance premiums in exchange for subsequent participation in the coverage of losses. This company has entered the reinsurance market since June 1996. The company operates in 40 countries with more than 200 clients. Polish Re is a leading reinsurer and has gained clients' trust in all Central and Eastern European countries.
Evaluation:
|
Rating Agency |
Rating |
Outlook |
|
A.M. Best |
A- |
Stable |
Trust Re
The Trust Re's reinsurance company in recent years has added its presence in the countries of South and Southeastern Europe, being an important partner for the Eurosig Group. Trust New has an authorized capital of US $ 500 million and paid-in capital of US $ 250 million, while the gross premium volume for 2016 was US $ 481.7 million. New Reinsurance Company Trust operates for 25 years in the reinsurance market covering all business lines with a focus on new lines of business and innovation.
Evaluation:
|
Rating Agency |
Rating |
Outlook |
|
A.M. Best |
A- |
Stable |
|
S&P |
A- |
Stable |
Generali Group
Generali Group is one of the most important factors in the global and financial security market. Founded in 1831 in Trieste, it is characterized by an international positive opinion and is already present in more than 60 countries around the world. "Generali" has consolidated its position in the world's leading insurance market, with significant shares in the Western European market, its main area of activity, and particularly in Germany, France, Austria, Spain and Switzerland. It also holds a strong position in the market in Argentina. There are over 500 international companies.
Evaluation:
|
Rating Agency |
Rating |
Outlook |
|
A.M. Best |
A |
Exellent |
|
Fitch |
A- |
Stable |
Valuation of other reinsurance companies
|
REINSURANCE COMPANY |
RATE |
|
|
S&P |
A.M. BEST |
|
|
PARTNER RE |
A+ |
A+ |
|
SCOR GLOBAL P&C DEUTSCHLAND |
A+ |
A- |
|
SWISS RE |
AA- |
A+ |
|
R+V GERMANY |
AA- |
|
|
VIG RE, CZECH REPUBLIC |
A+ |
|
|
ASPEN RE UK PER ZURICH BRANCH |
A |
A |
|
GIC |
|
A- |
|
SAVA RE, SLLOVENIA |
|
A- |
