Reinsurance

We have well net Reinsurance protection with a higher capacity for various classes of business and have involved state owned organization SadharanBima Corporation.

Now the company can underwrite any amount of sum insured for various classes of business. There are two types of Reinsurance arrangement:

  1. Obligatory Surplus Treaty
  2. Facultative ReinsuranceArrangement.

The Treaty Summary of City General Insurance Company Limited for the year 2015-2016 is as under :

Class of Business Surplus Retention in Tk. Treaty Limit in Tk.
Fire 2,00,00,000.00 30,00,00,000.00
Marine Cargo 20,00,000.00 10,00,00,000.00
Marine Hull 25,00,000.00 1,00,00,000.00
Engineering 10,00,000.00 MBD & BPV 1,00,00,000.00
    CAR & EAR 1,50,00,000.00
    DOS 50,00,000.00
MISC. Accident       1,00,00,000.00
  All Business 7,50,000.00   1,00,00,000.00
  PA 2,00,000.00   10,00,000.00
  PA (Accumulation) 7,50,000.00   100,00,000.00
Motor (XL) 5,00,000.00 25,00,000.00

**PA = Personal Accident