Phoenix’s treaty program is arranged through Reinsurance Solutions, a leading Reinsurance Broking Group, based in South Africa and with operations in Mauritius.
Our main reinsurers and their ratings are indicated below.
|African Reinsurance Corporation||A –||AM Best|
|PTA (ZEP) Reinsurance Company||B +||AM Best|
|Swiss Reinsurance Company||A +||AM Best|
|First Reinsurance Company (Botswana)||BB +||GCR|
|FM Reinsurance Company (Botswana)||BBB –||GCR|
|Continental Reinsurance Company||B +||AM Best|
|Uganda Reinsurance Company||Not Rated|
|Hannover Reinsurance Company||A +||AM Best|
|East Africa Reinsurance Company||B||AM Best|
|GIC India (through JB Boda)||A –||AM Best|
|Tanzania Reinsurance Company||B +||GCR|
Reinsurance is insurance that is purchased by an insurance company (the “ceding company” or “cedant” or “cedent” under the arrangement) from one or more other insurance companies (the “reinsurer”) directly or through a broker as a means of risk management.