Reinsurance & Africa

Our ability to deliver relevant solutions is underpinned by our:

• Roots in Africa, with a keen understanding of local conditions
• Team of local & global expertise, with well established relationships across key regions in Africa
• Specialists in every class of business
• Access to major RI markets locally & globally
• In-house & facilitated claims
• Insight driven viewpoint
• Local access & understanding
• Agility
• Growth mindset
• Commitment to service excellence

We work closely with reinsurers, insurers, in-country cedants and the insured to deliver solutions quickly, consistently and relevant to the territory.

We have access to specialist reinsurance broking experts and solutions across a number of classes including:

• Property
  We can cover all non-marine classes of business for global clients seeking either primary reinsurance or retrocession protections.
• Liability
  We create bespoke reinsurance structures geared towards a client’s portfolio characteristics, limit deployment, loss experience and corporate objectives.
• Space & Aviation
  We’re able to place all forms of aerospace reinsurance. Our areas of particular expertise include satellite MGA, quota share treaty and aviation and space excess of loss.
• Marine & Energy
  Our experience in this area enables us to deliver tailored non proportional and proportional reinsurance solutions at a competitive price with first class security.

We create solutions for our clients across Africa through reinsurance broking:

• Facultative
• Treaty

Our reinsurance team work with local, Africa and global experts to access and secure the required capacity.

• Alternative Solutions

With access to alternative solutions specialists globally / within the Ardonagh Group, we have the capability to think differently about risk – across products, structures and classes.

Business classes include:

• Parametrics
• Climate
• Warranties
• Derivatives
• ILW

Our solutions are driven by data and use a variety of capital sources – from capital markets, ILS funds, captives and traditional (re)insurance capacity – with the aim of helping to solve problems facing our clients – from climate risk to ESG enabling.

We also offer:

• Capital solutions
• Strategic advisory services

Our capabilities

• CAT XL
• Per Risk
• Quota Share
• Retrocession
• Proportional and Non-Proportional Fac
• Property
• Specialty
• Casualty

Project risk is unique in that risk profiles constantly change as the project moves from an idea, through planning and design and contracting, then through logistics, construction, testing & commissioning, and finally into commercial operations.

Having a clear understanding as to the differing risks and how these may be mitigated at different stages is crucial for the successful realisation of any project.

Our specialist team has extensive experience in the Oil, Gas, Petrochemical, Power, Metals and Mining sectors and is used to working with all parts of the project (Technical, Legal & Financial, others) to assess both the project’s specific risk profile and to assist in finding ways to minimise these risks.

In partnership with the project team, we look to understand the risks clearly before suggesting the best ways to utilise insurance to mitigate some of these risks, and work with Project Management, Project Management Consultants, Contractors, Owner’s & Lenders’ Lawyers, Finance Teams / Lenders and the insurance industry so as to assist the project in achieving an appropriately balanced risk profile which is acceptable to the project owner.

Contractual & Technical Risk Review

• Discuss proposed allocation of risk strategy between all of the parties (project owner, contractors and/or lenders and/or others as applicable) and the resulting risk allocation philosophy
• Review and discuss with the Project the proposed risk and indemnity clauses that form part of the construction contracts
• Technical risk review with the project team and/or their appointed contractors

Collection, Development And Production Of Project Underwriting Information

• Provide the Project with the appropriate technical questionnaires
• Explain to both the Project and contractors what is required of them so that complete answers to the questions in the questionnaires are provided in the shortest time
• Support and/or assist as necessary either the project team or contractors or both in the collection of and the relevant information
• Discuss with the Project the format and the contents of the final underwriting presentation
• Ongoing risk analysis / examination of risks posed
• Provide feedback to project as to any technical concerns or issues that come to light that could be of concern to underwriters, including any new technology/methodology or scale up issues

Lenders Requirements

• Prepare a Owners Insurance Report for presentation to the Lenders – outlining the projects scope of work and intended insurance strategy to mitigate the perceived risks
• Review the scope of insurance requirements under any project finance documents including any loan syndication documents
• Attend meetings with lenders and/or lenders representatives as required
• Provide feed-back to lenders and/or their representatives as to the availability /scope of lenders’ insurance clauses and assignments that the insurance and reinsurance markets will be willing to accept
• Assist the Project in negotiations with lenders and their insurance advisors
• Incorporate lenders’ requirements into the project insurance covers to the extent that they are achievable and/or to the extent that any market capacity or equivalent type clause in the project loan documents does not apply
• Assisting lenders/their lawyers with the underwriter agreement of any insurance and reinsurance assignment

Other services:

• Policy Wording Drafting
• Broking Preparation
• Strategy For Approaching Insurers and / or Reinsurers
• Placement
• Administration
• Claims servicing
• Continuing project support
• Transfer to operational insurances
• Operational phase insurances – (subject to a separate remuneration agreement)