Reinsurance
Reinsurance broking
Heritage and Reinsurance are very closely linked. Almost since its inception, Heritage has been in insurance consultancy, project insurance designing and costing of cover, all based on Global Reinsurance assistance.
Thus the beginning was made with these major Project Facultative risks and simultaneously Heritage also had the privilege of placing modest shares of annual RI programmes of Insurance Companies.
Over the last decade, Heritage has been able to increase its business and work actively with several Insurance Companies both within and outside India.
Over the past decade Heritage has steadily been expanding its services and building up relationships with the Captains and the Specialists of the Reinsurance world. Armed with this access to the International markets, it is the endeavour of Heritage to be the forerunner in providing effective Reinsurance solutions to our clients.
We have been able to take up challenges of arranging innovative covers to new type of risks emerging in the Indian Market and very large specialized Accounts.
Treaties
Making a beginning with small follow lines shares, our position is now consolidated. We are constantly striving to find reinsurers who understand the Indian market and are ready to forge long-term relationships.
Proportional and Non-Proportional Treaties
We are in constant touch with Reinsurers and also travel extensively to all the regions and cities where there are Reinsurers thus get a first-hand knowledge of the market- of the capacities and in-depth knowledge of the market trends.
With the understanding of the growing and changing needs of the Insurance industry/field we have now reached a position where we can arrange Lead Terms for not only the Traditional treaties that Insurance Companies have had over the years but also when there is a need for additional and sudden capacity such as a Backup Cover for CAT risks., specific portfolio treaties which can create additional capacities.
We believe in focused and single-minded commitment to our clients and ensure transparent and dedicated servicing of business. We would like to ensure that we are there for you throughout the period of the contract- be it in claims servicing, delivering documents, providing replies to inquiries and resolving issues if any without any hardship for the Cedants/clients.
Facultative
Our team of experienced and young hands is there to work for you – so that we can tap the worldwide market to get terms and support and wordings to suit the ever-changing risks that are being thrown up with the growth of the Economy and new types of business activities that are coming up. We are there to analyse, suggest and present the risks and the exposures of a business – to the Reinsurers to ensure that the Cedants/clients get the best what the insurance world can offer. For our overseas cedants we can tap the huge capacity that is available locally as well as in other Asian Countries.
The main classes of business we take care of are –
• Property
• Engineering
• Terrorism
• Marine H&M and Cargo
• Aviation
• Financial Lines
• General Liabilities including product recall
