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In our previous article, we got to see that directors and officers of a company can be held legally liable for any wrongful acts they commit while performing their duties on behalf of the company. A director or officer of a company has a fiduciary responsibility to the shareholders, employees,…

SKY REINSURANCE COMPANY Our Journey In 2018, we were licensed as a Reinsurance Broker placing risk in Africa and International markets Our Value In house, treaty and facultative placements and claims recovery, We provide a variety of specialized products Market We work with A rated markets and securities all over…

Why is timely reporting so important to reinsurers?Here are some basic reasons why reinsurers insist on timely reporting:i. FINANCIAL INFORMATION: The Reinsurer must reserve their exposures just like the Cedant, project payment of future settlements and promptly pay billings.ii. PRICING: The Reinsurer will need to know both the frequency and…

” It’s important to build a personal brand because it’s the only thing you’re going to have. Your reputation online, and in the new business world is pretty much the game, so you’ve got to be a good person. You can’t hide anything, and more importantly, you’ve got to be…

Cyber risk is a top concern for reinsurers, according to a new report from PwC. PwC’s new analysis ranks as the most serious concern for the reinsurance space. Cyber risk topped the list, followed by worries that the industry is unprepared for weather changes. The rankings are a departure from…