Bharti AXA General Insurance announced that its 2010 2011 Reinsurance program,with joint lead of two reputed reinsurers has emerged as the strongest in the Indian Reinsurance industry. In only its second full year of operation,Bharti AXA General has already built a large capacity that enables the company to participate with significant shares in many of the largest valued insurance risks in the country.. Bharti AXAs panel of reinsurers carry the highest security rating ranging from A- to AAA as compared to the minimum rating requirement of BBB prescribed by IRDA. The Joint Lead concept also allows Bharti AXA to offer its full capacity for all the Risks it covers without constraints,including the ability to take on a Lead-Insurer position. Their panel of Reinsurers includes GIC Re and SCOR as leaders and others such as Munich Re,CCR-Paris,R+V,AXA,Paris Re,Catlin Syndicate,Korean Re,and Asia Capital Re. This makes Bharti AXAs re-insurance program one of the best in the Indian industry and from the perspective of a customer,especially a corporate client,one of the safest insurance companies in India to place their risk. Bharti AXA also has a policy of securing a very high level of Catastrophe Protection upto 250 years to take care of even high impact low probability events that its clients may be faced with due to unforeseen circumstances. With such good exposure control,it offers a best security coupled with high capacity to the insuring customers. In addition to the Catastrophe protection as mentioned,they also have separate protections for Individual Property/ Engineering Risks,Marine and Liabilities including Motor. Commenting on this,Dr. Amarnath Ananthanarayanan,CEO Bharti AXA general said,We have left year 2009 behind us. While the market is again competitive as capacity growth outpaced demand growth,our company has the necessary capacity to renew all our programs & continue on its current path of rapid growth. If need be,we could also maintain higher levels of capital to address any additional demand that might surface over the course of the year Bharti AXA General already has a wide ranging product mix in its repertoire and it is constantly endeavoring to offer new and innovative products and add-ons to meet the varying needs of its customers. The product range caters to customers small and large; rural to semi-urban to urban; private individuals to commercial and large industries; for each segment an ensemble of products.
