Fw: Revised Reinsurance Programme 2012-13

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PADMAJA TRIPATHI

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Jan 3, 2013, 1:08:17 AM1/3/13

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----- Original Message -----

From: Umesh Patel

To: PADMAJA TRIPATHI

Sent: Wednesday, July 25, 2012 2:58 PM

Subject: Fw: Revised Reinsurance Programme 2012-13

----- Original Message -----

From: PADMAJA TRIPATHI

To: leel...@orientalinsurance.co.in

Cc: Umesh Patel ; dbgo...@orientalinsurance.co.in

Sent: Monday, June 04, 2012 11:59 AM

Subject: Fw: Revised Reinsurance Programme 2012-13

----- Original Message -----

From: Shruti Tegta

To: 's b ganatra' ; rekham...@orientalinsurance.co.in ; rajiv...@orientalinsurance.co.in ; 'Rajeev Prasad' ; sushma....@orientalinsurance.co.in ; nsunda...@orientalinsurance.co.in ; c...@orientalinsurance.co.in ; ashok...@orientalinsurance.co.in ; jaya...@orientalinsurance.co.in ; rcb...@orientalinsurance.co.in ; 'S.M.Sharma' ; sksk...@orientalinsurance.co.in

Sent: Saturday, June 02, 2012 6:01 PM

Subject: FW: Revised Reinsurance Programme 2012-13

Dear All,

R/I Programme for your perusal.

Thanks & Regards,

Shruti

Techno Marketing Cell

The Oriental Insurance Company Limited

Oriental House

A - 25/27, Asaf Ali Road,

New Delhi - 110 002

Ph - 011 - 43659408

Fax - 011 - 23264170

From: snigdha...@orientalinsurance.co.in [mailto:snigdha...@orientalinsurance.co.in]
Sent: Thursday, May 31, 2012 1:11 PM
To: Shruti
Cc: Shweta Sharma
Subject: Fw: Revised Reinsurance Programme 2012-13

Dear Ma'am,

FYI and necessary perusal.

From: Snigdha Debnath

Sent: Friday, May 25, 2012 7:28 PM

Cc: Lakshmi Kala Ragupathy ; 'Akhilesh Mishra' ; Mr. Sarkar ; Neelu Duggal ; 'aartimathur' ; Mr CHANDER SHEKHAR ; Thomas.T.Oommen ; Mr. Alok Yagnik ; Ashok Kumar Agrawal ; Monica ; Ila Chauhan ; Aditya Vaid ; Suraj Agrahari

Subject: Revised Reinsurance Programme 2012-13

Dear Sir/Ma'am,

Please find attached the Revised & Board-approved Reinsurance Programme 2012-13, with the changes as against the Provisional R.I. Programme provided to you earlier being listed as under for your easy reference:

Marine Cargo Business

The cessions under Marine Cargo Surplus Treaty (MCST) stand segregated into two classes viz. Bulk Cargo and Others. The MCST cession for Bulk Cargo is INR 75crs. whilst the same for all Other Classes except Bulk Cargo has been rolled back to INR 60crs.

Marine Hull

For policies with SI more than Rs.5crs and upto Rs.20crs, there remains a balance in case of coinsurance as Oriental cannot utilize capacity of the coinsurer PSU. In the 5-10crs category the balance of 10% and in the 10-20crs category the balance upto 20% will be taken to our Retention.

Miscellaneous Business

Under Mobile Handset Insurance, Miscellaneous Surplus Treaty Cessions head stood missed in the Provisional R.I. Programme due to typo. The same now stands mentioned with Misc. ST cessions at 4 lines under the said product class.

Aviation business

A single XL facility is now in place instead of Core XL and Risk XL for protection of Net retention of General Aviation and Airline Business. The cover limits and underlying limits are as per attachment.

For Aircraft Refueling Liability, Airport Owner Liability, Hanger keepers Liability, Product Liability and Ground Handlers Liability, the net retention is decided at USD 30 mlns (with XL protection as mentioned in the enclosed revised Reinsurance Programme).

At the cost of repetition, it is once again reiterated that as against R.I. Programme 2011-12, a major change that has been introduced this year is the Inclusion of Office Umbrella under Fire Class of Business in lieu of Miscellaneous LoB. Furthermore, the net retention/surplus treaty cession under the following heads has also undergone change this year:

Marine Cargo - Policies with Sum Insured exceeding Rs. 2 crores (Risk Booked)
Marine Hull - Large Vessels - Policies with Sum Insured exceeding Rs. 20 crores
Miscellaneous - Reinsurance driven products (Kidnap & Ransom AOA/AOY) & Other Misc. Business

This is for your information and doing the needful.

From: Snigdha Debnath

Sent: Monday, April 09, 2012 2:28 PM

Subject: Re: Reinsurance Programme 2012-13

Dear Sir/ Ma'am,

Further to the e-mail below, please note that cessions under Marine Cargo Surplus Treaty be read as under:

MARINE CARGO SURPLUS TREATY
Bulk Cargo	Rs. 75 Crs. S.I.
Others	Rs. 60 Crs. S.I.

Please note that the revised R.I. Programme, replete with relevant changes and duly approved by the Board, shall be released in due course.

From: Snigdha Debnath

Sent: Wednesday, April 04, 2012 2:28 PM

Subject: Reinsurance Programme (Board Approved) 2012-13

Dear Sir/Ma'am,

Please find attached the Reinsurance Programme, duly approved by the Board, for the year 2012-13.

Kindly ensure that cessions under Mobile Handset Insurance under Miscellaneous Class of Business be read as under:

MOBILE HANDSET INSURANCE
Obligatory	10%
Net	Rs.5 Crs. PML
Intergroup	Rs.5 crs. PML each Co.
Misc. ST	4 Lines
Balance	Facultative

This is for your information and necessary perusal.

  
  You can buy and renew selected policies at www.orientalinsurance.org.in 

For any information please call: 1800 11 8485 (Toll free) or 011-33208485

REVISED R.I PROGRAMME 2012-13_BOARD APPROVED_15.05.2012.pdf

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