All you need to know about Scib Reinsurance Broking Services

Reinsurance which is a transfer of risk from an insurer to a reinsurer is critical to helping insurance companies underwrite risk profitably, while preserving or enhancing capital strength and ratings. Our clients here are the insurance companies. Sometimes more reinsurance is done that is more than or inadequate, with its attendant implications. Our value is in professionally advising clients on the equilibrium level of reinsurance requirements as well as assisting in structuring the right programmes. Scib provides its clients with integrated solutions and services thereby helping our clients better differentiate their services and meet their business objectives.

With an understanding of the importance of maintaining access to the widest range of highly rated and quality reinsurers worldwide, we have developed global market based contacts to enhance our leverage and knowledge in achieving the expectations of our clients while maintaining our reputation for integrity.

We handle facultative reinsurance placements which is useful in managing exposures which may exceed the per-risk capacity provided in treaties or otherwise reduce the overall efficiency of treaties in terms of pricing, structure and market.

We also handle treaty reinsurance programmes for our clients in order to provide them with long term value and clear solutions at competitive pricing that assure our clients of good security, improved cash flow and capital optimization.

The reinsurance unit of Scib is one of Nigeria’s leading reinsurance intermediaries. We empower our clients to better understand, manage and transfer risk through innovative solutions and customised access to all forms of global reinsurance across treaty, facultative and emerging solutions. We partner with Aon Benfield (a global leader in reinsurance broking) to provide excellent solutions to our clients.