WE'RE PRESTIGE REINSURANCE BROKERS LIMITED
PRESTIGE REINSURANCE BROKERS LTD OBJECTIVE
To grow our partners’ gross written insurance portfolio by placing to
them Inward Facultative Reinsurance business obtained from
existing business partners in the market, and to create additional
Reinsurance capacity for them by placing their Outward Facultative Reinsurance business to established Securities. We work directly with Insurance and Reinsurance Companies , as well as leading broker contacts who are Specialists in their respective territories. Some of these contacts are in the London Market where we have special acceptances on Financial and Professional Risks. This allows us to serve our clients efficiently supported with extensive input from our partners. Our flexibility has enabled us to provide cover for risks with small premiums to risks with Sum Insured of over KSH 20,000,000,000. We have also been able to effectively make Reinsurance Claim Recovery for a single risk amounting to KSH 70,000,000.
Further, we have extended our participation and expertise to our partners in the area of Treaty Reinsurance businesses and we are currently participating in the Treaties of one Insurance Company at 10.00% across the board. For value addition, our partners stand to benefit during the Treaties Renewals from our existing wide Reinsurance Network, both local and international, by experiencing a wide range of competitive reinsurance market quotations for both Proportional and Non-Proportional treaty reinsurance. These are markets in West Africa, Mauritius, London , Middle East, Europe , Asia etc. for comparison with their existing terms. We are experienced in timely negotiations and obtaining the best treaty terms from the Reinsurers, and administering the Treaty Programmes, which also include Reinsurance Claims Recoveries etc. These Recoveries are an important financial aspect to our partners as regards Cash flow.
LICENSING
Prestige Reinsurance Brokers Limited was registered and licensed in 2016.
Licencing: Insurance Regulatory Authority- Registration No.IRA/06R/010/2019
Company Incorporation: Certificate of Registration No PVT/2016/006629
OUR DIRECTORS
John Jackson Kariuki – Managing Director, 2016 to date
Joined Insurance Industry in 1983 and worked as Head of Reinsurance Operations since 1991 to 2013. Did fulltime Reinsurance Consultancy in 2014, 2017 and 2018 respectively in a reputable Insurance Company, which included Restructuring and Administration of Reinsurance Programmes , Training, Treaty Accounts and Computation of Renewal Statistics.
Jackson Kathuri Kariuki – General Manager, 2016 to date
Jackson has 19 years of insurance experience and is also a holder of Diploma in Insurance ( IIK ) and Certificate of Insurance Practice ( CIP) ( ACII).
Classes of Reinsurance Business
Fire and Perils
Fire Domestic
Contractors Risks
Carriers Liability
Marine Hull
Marine Cargo
Contractors Liability
Professional Indemnity
Directors and Officers Liability
Public Liability
Products Liability
General Bonds
Financial Guarantee
Performance Bonds
WIBA
Industrial All Risks
Personal Accident
Group Personal Accident
Office Premises
Terrorism
Current Securities
Africa Re, Kenya Re, P.T.A Re, East Africa Re, Continental Re, Ghana Re , Cica- Re, Nigeria Re, NCA Re, Scor Re, Tunis Re, Tan Re, Swiss Re, Waica Re, Arig Re,Zambia Re, Jubilee Insurance Co. Ltd, MUA Insurance ( K ) Ltd, Metropolitan Cannon General Insurance Ltd, First Assurance Co.Ltd, CIC Insurance Co. Ltd., Saham Assurance Co. Ltd., Geminia Insurance Co. ltd.
Our Mission & Vission
Mission
To continue with business development of our reinsurance portfolio in the Kenyan market, East Africa, and the rest of Africa in the short – run, and to further expand to the international markets with the mission to excel in quality reinsurance services to our partners.
Vission
To be the preferred reinsurance intermediary with our partners by redefining the concepts of professionalism and excellence.
Brokers with IRA Authority
We have met the Kenya Insurance Regulatory Authority requirement for a Kshs. 3,000,000 Bank Guarantee, and have also obtained a Professional Indemnity insurance cover forKsh.10,000,000.
How It Works
GET A SOLUTIONS QUOTE
Please contact our team or complete the form below. A representative will contact you shortly.