Reinsurance
Our Reinsurance Operations are the strategic focus of our business.
The expertise of our international team of reinsurance underwriters and risk engineers, paired with the reinsurance coverage by an international pool of reinsurers, makes us an attractive reinsurance provider in key regions around the world.
Semurg working reinsurance capacity is up to 100 mln USD on special acceptance basis.
Semurg Insurance’s international risk portfolio is reinsured on proportional basis with an international pool of reinsurers, comprised of the largest companies in Asia and the Middle East.
Our focus in international reinsurance:
- Property damage, machinery breakdown, business interruption (including contingent business interruption) following property damage and / or machinery breakdown during operation
- General third party liability during operation
- Property damage and third party liability during erection and maintenance
Power generation reinsurance
Our international Energy team delivers bespoke reinsurance solutions for risks in the Power Generation/Distribution industry, including renewable energy (hydro, thermal, wind, biomass & biofuels, waste-to-energy and solar.
Our experts have access to advanced analytics, products and leading transactional capabilities, which coupled with years of international underwriting experience in the power sector, help us provide optimized solutions to specific needs of each of our clients.
Risks covered:
- Property damage, machinery breakdown, business interruption (including contingent business interruption) following property damage and / or machinery breakdown during operation
- General third party liability during operation
- Property damage and third party liability during erection and maintenance
Power generation reinsurance
Our international Energy team delivers bespoke reinsurance solutions for risks in the Power Generation/Distribution industry, including renewable energy (hydro, thermal, wind, biomass & biofuels, waste-to-energy and solar.
Our experts have access to advanced analytics, products and leading transactional capabilities, which coupled with years of international underwriting experience in the power sector, help us provide optimized solutions to specific needs of each of our clients.
Risks covered:
- Property damage, machinery breakdown, business interruption (including contingent business interruption) following property damage and / or machinery breakdown during operation
- General third party liability during operation
- Property damage and third party liability during erection and maintenance
Power
- Property damage during construction and operation
- Third party liability during construction
- General and third party liability during operation
- Offshore projects during construction
- Operator’s Extra Expenses: control of well insurance, redrilling/extra expense, Seepage and pollution
Downstream risks covered:
- Property damage including machinery breakdown during operation
- Business interruption following property damage and machinery breakdown during operation
- Property damage including third party liability during erection and maintenance
- General liability and third party liability during operation
- Project cargo
- Contingent business interruption such as interruption of public utilities, customers and suppliers and denial of access extensions
- Natural catastrophies: earthquake, volcanic eruption, tsunami, flood, landslide
Energy reinsurance
Our global Energy team provides reinsurance coverage for risks in both upstream and downstream operations, including exploration, production, refining, and marketing of oil and gas. Our team has extensive knowledge and experience in the energy industry, enabling us to understand the specific risks, including complex risks and exposures faced by energy companies and to offer tailored reinsurance solutions.
Upstream risks covered (Onshore and Offshore):
- Property damage during construction and operation
- Third party liability during construction
- General and third party liability during operation
- Offshore projects during construction
- Operator’s Extra Expenses: control of well insurance, redrilling/extra expense, Seepage and pollution
Downstream risks covered:
- Property damage including machinery breakdown during operation
- Business interruption following property damage and machinery breakdown during operation
- Property damage including third party liability during erection and maintenance
- General liability and third party liability during operation
- Project cargo
- Contingent business interruption such as interruption of public utilities, customers and suppliers and denial of access extensions
- Natural catastrophies: earthquake, volcanic eruption, tsunami, flood, landslide
Energy reinsurance
Our global Energy team provides reinsurance coverage for risks in both upstream and downstream operations, including exploration, production, refining, and marketing of oil and gas. Our team has extensive knowledge and experience in the energy industry, enabling us to understand the specific risks, including complex risks and exposures faced by energy companies and to offer tailored reinsurance solutions.
Upstream risks covered (Onshore and Offshore):
- Property damage during construction and operation
- Third party liability during construction
- General and third party liability during operation
- Offshore projects during construction
- Operator’s Extra Expenses: control of well insurance, redrilling/extra expense, Seepage and pollution
Downstream risks covered:
- Property damage including machinery breakdown during operation
- Business interruption following property damage and machinery breakdown during operation
- Property damage including third party liability during erection and maintenance
- General liability and third party liability during operation
- Project cargo
- Contingent business interruption such as interruption of public utilities, customers and suppliers and denial of access extensions
- Natural catastrophies: earthquake, volcanic eruption, tsunami, flood, landslide
Energy
- Construction All Risks (CAR)
- Erection All Risks (EAR)
- Third Party Liability, Maintenance
- Constructional Plant and Equipment
- And others
Engineering Reinsurance
Our dedicated Engineering team offers comprehensive reinsurance solutions for all lines of onshore engineering/construction, from single projects to multi-location operational risks. We are able to provide substantial capacity and consulting services for the most complex types of construction: infrastructure (including bridges and tunnels), stadiums, PowerGen & Heavy Industrial objects and many others, as well as offer PML/EML studies and survey and complicated claims handling support to our clients.
Our highly skilled underwriters have deep reinsurance industry experience and mechanical engineering backgrounds enabling them to provide sustainable reinsurance coverage tailored to individual needs of each of our clients.
Risks covered:
- Construction All Risks (CAR)
- Erection All Risks (EAR)
- Third Party Liability, Maintenance
- Constructional Plant and Equipment
- And others
Engineering Reinsurance
Our dedicated Engineering team offers comprehensive reinsurance solutions for all lines of onshore engineering/construction, from single projects to multi-location operational risks. We are able to provide substantial capacity and consulting services for the most complex types of construction: infrastructure (including bridges and tunnels), stadiums, PowerGen & Heavy Industrial objects and many others, as well as offer PML/EML studies and survey and complicated claims handling support to our clients.
Our highly skilled underwriters have deep reinsurance industry experience and mechanical engineering backgrounds enabling them to provide sustainable reinsurance coverage tailored to individual needs of each of our clients.
Risks covered:
- Construction All Risks (CAR)
- Erection All Risks (EAR)
- Third Party Liability, Maintenance
- Constructional Plant and Equipment
- And others
Engineering
- Damage to and/or breakdown of above-ground machinery and equipment
- Natural catastrophies (e.g. earthquake, volcanic eruption, tsunami, flood, landslide)
- Environmental liabilities (e.g. water pollution, soil contamination)
- Mine collapse and subsidence
- Fire and explosion
- Third party liability
- Business interruption following damage to and/or breakdown of above-ground machinery and equipment
Mining reinsurance
Our international Mining team offers a secure worldwide protection for all major risks associated with mining operations, such as environmental damage, equipment failure, and workers' compensation claims. We focus on technical underwriting and cost efficiencies, while remaining flexible to design innovative solutions to meet your unique needs.
Risks covered:
- Damage to and/or breakdown of above-ground machinery and equipment
- Natural catastrophies (e.g. earthquake, volcanic eruption, tsunami, flood, landslide)
- Environmental liabilities (e.g. water pollution, soil contamination)
- Mine collapse and subsidence
- Fire and explosion
- Third party liability
- Business interruption following damage to and/or breakdown of above-ground machinery and equipment
Mining reinsurance
Our international Mining team offers a secure worldwide protection for all major risks associated with mining operations, such as environmental damage, equipment failure, and workers' compensation claims. We focus on technical underwriting and cost efficiencies, while remaining flexible to design innovative solutions to meet your unique needs.
Risks covered:
- Damage to and/or breakdown of above-ground machinery and equipment
- Natural catastrophies (e.g. earthquake, volcanic eruption, tsunami, flood, landslide)
- Environmental liabilities (e.g. water pollution, soil contamination)
- Mine collapse and subsidence
- Fire and explosion
- Third party liability
- Business interruption following damage to and/or breakdown of above-ground machinery and equipment
Mining
- Perils of the seas, rivers, lakes or other navigable waters
- Fire or explosion
- Violent theft by persons from outside the Vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling there-from, land conveyance, dock or harbor equipment or installation
- Earthquake, volcanic eruption or lightning
- Accidents in loading, discharging or shifting cargo or fuel
- Bursting of boilers, breakage of shafts or any latent defect in the machinery or hull
- Negligence of Master, Officers, Crew or Pilots
- And others
Marine Hull Reinsurance
Our experienced Marine Hull experts offer quality marine hull reinsurance protection at a cost-effective price. Marine Hull reinsurance policies can be written to cover a wide variety of vessels from single vessel to the whole fleet of a ship-owner, from super yachts to LNG carriers and cruise ships.
Our underwriters have the knowledge and market-leading expertise to design a tailor-made solution to cover essential, complex and critical risks related to marine hull.
Risks covered:
- Perils of the seas, rivers, lakes or other navigable waters
- Fire or explosion
- Violent theft by persons from outside the Vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling there-from, land conveyance, dock or harbor equipment or installation
- Earthquake, volcanic eruption or lightning
- Accidents in loading, discharging or shifting cargo or fuel
- Bursting of boilers, breakage of shafts or any latent defect in the machinery or hull
- Negligence of Master, Officers, Crew or Pilots
- And others
Marine Hull Reinsurance
Our experienced Marine Hull experts offer quality marine hull reinsurance protection at a cost-effective price. Marine Hull reinsurance policies can be written to cover a wide variety of vessels from single vessel to the whole fleet of a ship-owner, from super yachts to LNG carriers and cruise ships.
Our underwriters have the knowledge and market-leading expertise to design a tailor-made solution to cover essential, complex and critical risks related to marine hull.
Risks covered:
- Perils of the seas, rivers, lakes or other navigable waters
- Fire or explosion
- Violent theft by persons from outside the Vessel
- Jettison
- Piracy
- Breakdown of or accident to nuclear installations or reactors
- Contact with aircraft or similar objects, or objects falling there-from, land conveyance, dock or harbor equipment or installation
- Earthquake, volcanic eruption or lightning
- Accidents in loading, discharging or shifting cargo or fuel
- Bursting of boilers, breakage of shafts or any latent defect in the machinery or hull
- Negligence of Master, Officers, Crew or Pilots
- And others
Marine
- PAR/MB/MBBI/BI/CBI/EE
- Risk/Aggregate excess of loss / LoL
- Parametric and industry loss warranties
- Catastrophe excess of loss
- Takeout quota share
- And others
Property Reinsurance
Our international Property team provides property reinsurance coverage across the full spectrum of big businesses and all industry sectors. We work with large commercial and industrial objects including various civil objects, metallurgy, base industries, manufacturing, semi-conductors, organic and inorganic chemical production, automobile manufacturers and component services - to name just a few.
Our expertise is built on the in-depth understanding of the property sector, and experience delivering competitive solutions to complex property risk problems across the globe. Our underwriting experts understand individual requirements of each client and translate them into tailor-made reinsurance solutions.
Risks covered:
- PAR/MB/MBBI/BI/CBI/EE
- Risk/Aggregate excess of loss / LoL
- Parametric and industry loss warranties
- Catastrophe excess of loss
- Takeout quota share
- And others
Property Reinsurance
Our international Property team provides property reinsurance coverage across the full spectrum of big businesses and all industry sectors. We work with large commercial and industrial objects including various civil objects, metallurgy, base industries, manufacturing, semi-conductors, organic and inorganic chemical production, automobile manufacturers and component services - to name just a few.
Our expertise is built on the in-depth understanding of the property sector, and experience delivering competitive solutions to complex property risk problems across the globe. Our underwriting experts understand individual requirements of each client and translate them into tailor-made reinsurance solutions.
Risks covered:
- PAR/MB/MBBI/BI/CBI/EE
- Risk/Aggregate excess of loss / LoL
- Parametric and industry loss warranties
- Catastrophe excess of loss
- Takeout quota share
- And others
Property
