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ZEP-RE provides reinsurance capacity in life and short-term insurance products such as marine, property, engineering, liabilities, motor and aviation; and accident and health. “We see great opportunities in infrastructure, energy, oil, gas, engineering and life all over Africa, a continent that is home to some of the world’s fastest growing economies, many of which are new democracies bouncing back from years of war, military rule or economic mismanagement.
“Insurance and reinsurance follows economic development; there is no magic about it.” Reinsurance is where insurers transfer portions of risk portfolios to other parties by some form of agreement in order to reduce the likelihood of having to pay a large obligation resulting from claims. “Our mission all over Africa is to provide first class security and services to our clients.” In order to achieve its goals – and for the industry to register faster
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Afro-Asian Insurance Services Limited “Professionalism & Excellence Redefined” is a motto that the company and its key personnel have stood by and exercised in its 25 years’ existence since 1988. The founder and promoter of “AfroAsian”, after a long and distinguished career in large insurance/reinsurance broking organisations, wanted to create an entity that delivered the “large broker” service without the “large broker” constraints. The vision of Rasik Patel is now being rolled out by the core “Afro-Asian” team headed by his son and Managing Director, Udai Patel. The focus of “Afro-Asian” remains African and Asian countries. Although the Head Office of the Group is the City of London, “Afro-Asian” is focussed on only handling reinsurance business from these territories. Additionally, whilst “Afro-Asian” is an accredited Lloyd’s Broker with agreements in place with many Lloyd’s Syndicates, it also places a majority of the business emanating from Afro-Asian territories back into its select panel of preferred Afro-Asian reinsurers. The access to Lloyd’s capacity is a value addition offered to the “Afro-Asian” clients on specialist and large risks.
Mr. Rajni Varia
“Afro-Asian” has a network presence in India, Pakistan, Kenya and Nigeria, with more locations under consideration, in order to be nearer to the client base. The company continues on the path of accelerated growth which began in 2009, with the ultimate aim of enhancing the quality and range of service that it can deliver to its client base. Tel +44 207 375 7420
www.afroasian-insurance.com
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