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Reinsurance Programme for 2003

FIRE SURPLUS

Retention:                N30m

No of Lines:             20

Maximum Cession    N600m

 

FIRE WXL

Treaty Limits:           N15m xs N15m

 

ENGINEERING FAC OBLIG

Retention:                  N10m

No of Lines:              15

Maximum Cession     N150m

 

Aviation Q/S

Details:             87.5% Quota share subject to a Maximum of N40m for Hull and N80m for liabilities

Retention:

12.5% Quota Share Subject to a maximum of N5m for hull and 10m for liabilities.
 
Personal Accident Limit
N7m any one life and 28m any one aircraft
 

Bond Q/S

Details:          

50% subject to a maximum of N80m any one contractor for 100%

Retention:                50% any one contractor

 

MOTOR XL

Treaty Limits

lst Layer:                N4,500,000 xs N1,500,000

 

GENERAL ACCIDENT XL

Treaty Limits

1st Layer:              N3,000,000 xs N1,000,000

2nd Layer:             N28,000,000 xs N4,000,000

P.A CAT XL:        N6,000,000 xs N3,000,000

 
MARINE CARGO XL
1st Layer:              N4,000,00 xs N2,000,000
2nd Layer:             N12,000,000 xs N6,000,000
3rd Layer:              N78,000,000 xs N24,000,000
 
MARINE HULL SURPLUS
Retention:                        N3m
No of Lines:                     10
Maximum Cession:         N30m

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