Overview

Mahindra Insurance Brokers Limited (MIBL) started operations in 2004. After establishing retail and direct business, MIBL obtained a composite license to start the reinsurance business in 2012.

Since then, it has been an exciting journey with Indian clients and Insurers, Group clients, Reinsurer friends worldwide and Reinsurance Broking fraternity across the globe. As Reinsurance Intermediary, MIBL arranges traditional and innovative solutions to help insurance companies protect their capital, balance sheet by transferring their portfolio risks to reputed, ably rated and financially sound Reinsurers.

We provide end to end solutions from policy issuance to capacity to our group clients through its wide network of insurers, reinsurers and brokers worldwide.

Our team brings in domain knowledge, product expertise and international network, which is ably supported by a team of professionals handling processes, documentation and claims. We are an organization that is always adaptable to change and in constant endeavor to bring in expertise, innovation and skills to its clients.

Role of MIBL

For domestic market, fetching capacity and expertise of international reinsurers for Indian insurers for simple as well complex risks
Developing international business for Insurers/Reinsurers based in India, as well as sourcing capacity for insurers based in various countries
Innovation and niche product development for the market
Risk and claims management services

Classes of Business

FACULTATIVE

Property/Engineering

Mega Package Policies
Industrial All Risk Policies
Erection All Risks Insurance
Contractors All Risks Insurance
Marine Cum Erection Insurance
ALOP and DSU
Boiler Insurance/DOS

Marine (Hull & Cargo)

Bulk/Project/Oil and other types of cargo
Rejection Insurance
Hull & Machinery Insurance
Protection & Indemnity Insurance
Liabilities - Charterers, Stevedors, Shipowners, Freight Forwarders etc.

Specialty Lines

Fine Arts & Specie
Terrorism & Political Violence
Jewellers Block and Terrorism
Global Programs
Event Insurance
Cash Management
Kidnap & Ransom

Casualty and Financial Lines

Directors & Officers Liability
Professional Indemnity
Tech E & O
Commercial General Liability
Public & Product Liability with recall

Aviation & Aerospace

Hull All/Hull War Risks
Combined Single limit
Hull Deductible
Excess War Liability
Aviation Liabilities: Products, Premises, Hanger keepers, Ground Handlers, Refuellers, Airport operators
Aviation PA & LOL
Satellite Insurance

TREATIES

Proportional

Quota Share
Surplus Treaty
Quota Share cum Surplus
Fac Obligatory Treaty
Multiline Proportional

Non Proportional

Net Account XL
Whole Account XL
Marine Excess of Loss
Aviation Excess of Loss
Stop Loss Covers for specialty classes
Pure Fac Excess of Loss Cover
Liability Treaties – Proportional & Non-Proportional
Marine & Energy Excess of Loss

Why Mahindra Insurance Brokers

Technical Advice and Consultancy

Structuring Fac and Treaty solutions for insurers

Excellent relations with major Reinsurers, Lloyds brokers and ability to secure best terms

Identifying the right lead-Reinsurer and negotiating best terms

SOP driven documentation and claims process

Business Presence Across the Globe

Through our Reinsurance Broking business, we have established business relations in over 40 countries. Our reinsurance division has business partners in US, UK, Korea, Russia, Australia etc. having expertise in all classes of business.

Our Team

The reinsurance team is headed by an expert in the reinsurance business.
Ably assisted by professionals in reinsurance broking, and underwriting experience in the Middle East, Far East and India.
Team with diverse background and rich experience in handling both Treaty and Facultative Reinsurance
Expertise in handling various lines of business such as Aviation, Energy, Marine, Liability, Property, Terrorism, etc