Reinsurance

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  • 01 Overview
  • 02 Classes of Business
  • 03 Why Mahindra Insurance Brokers
  • 04 Business Presence
  • 05 Our Team
  • 06 Contact Us

    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

    01

    Technical Advice and Consultancy

    02

    Structuring Fac and Treaty solutions for insurers

    03

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

    04

    Identifying the right lead-Reinsurer and negotiating best terms

    05

    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.