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  Reinsurance

Reinsurance department is the key and the most important department in any general insurance company. Reinsurance arrangements with professionally structured, dependable and financially sound reinsurers are absolutely essential. The role and strong support of reinsurers for the company is vital. Reinsurance department is to ensure that first class reinsurance arrangements at minimum costs are available, both locally and abroad, to the Company.

Professional support and comprehensive reinsurance arrangements reduce the risks of insurance company in respect of claims incurred or expected to be incurred. SSICL has always remain successful to have support of world known financially and professionally supported first class and excellent reinsurance arrangements in the past as well as in the year 2009 and hopeful for future as well. A brief profile of our current reinsurers is as:

REINSURER

BROKER / DIRECT

Reinsurers Rating

S&P
A.M. Best
Moody's
JCR

Mitsui Sumitomo Reinsurance Ltd.

Direct

AA
A+
Aa3
-

The Toa Reinsurance Company Ltd.

Direct

AA-
A+
-
AA+

Korean Reinsurance Company.

Direct

-
A-
-
-

Best Reinsurance Company Ltd.

Direct

BBB
-
-
-

Malaysian National Reinsurance Berhad (Malaysia)

M/s. J.B. Boda Ins Services (L) BHD)

A- 
-
-

Pakistan Reinsurance Company Ltd

Direct

Considered "A" rated by SECP


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