Lines of Business
Property

We provide cover for Facultative risks in the following subsections of Property:

  • Home and industrial properties under fire and allied perils covers
  • The covers also include acts of God such as Flood, Windstorm and Earthquakes. It could also include accidental damage resulting from any unforeseen event leading to damage, destruction and loss of the property insured.

This class of reinsurance can be provided under the following type of Policy:

  • FAP Policy
  • PAR Policy
  • IAR Policy

Capacity: Up to US$ 18.2 million

Malek Mechouet Senior Underwriter – Facultative +968 24397710 malek.mechouet@omanre.com.om
Mondher Aldarmaki Deputy Underwriter – Facultative +968 24397712 mondher.aldarmaki@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Engineering

We provide cover for Facultative risks in the following subsections of Engineering:

  • Contractors All Risks (CAR)
  • Erection All Risks (EAR)
  • Contractors Plant and Machinery All Risks - CPM
  • Machinery Insurance - MB
  • Electronic Equipment Insurance - EEI
  • Boiler Insurance

Capacity: Up to US$ 18.2 million

Malek Mechouet Senior Underwriter – Facultative +968 24397710 malek.mechouet@omanre.com.om
Mondher Aldarmaki Deputy Underwriter – Facultative +968 24397712 mondher.aldarmaki@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Miscellaneous Accident

We provide cover for Facultative risks covered under Miscellaneous Accident, such as:

  • Burglary
  • Money including cash in transit, in safe and loss of and damage to money
  • Goods in transit

Capacity: Up to US$ 2.6 million

Malek Mechouet Senior Underwriter – Facultative +968 24397710 malek.mechouet@omanre.com.om
Mondher Aldarmaki Deputy Underwriter – Facultative +968 24397712 mondher.aldarmaki@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Casualty

This includes the following type of reinsurance covers:

  • General Third Party Liability
  • Comprehensive General Liability
  • Employers Liability
  • Workmen's Compensation
  • Personal Accident
  • Professional Indemnity
  • Medical Malpractice

Capacity: Up to US$ 2.6 million

Malek Mechouet Senior Underwriter – Facultative +968 24397710 malek.mechouet@omanre.com.om
Mondher Aldarmaki Deputy Underwriter – Facultative +968 24397712 mondher.aldarmaki@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Marine

The main covers for Facultative risks under Marine are:

  • Marine Hull and Machinery covers - dry bulk, Ocean Going Vessels (OGV), yachts, pleasure crafts, shipyards and boat building risks.
  • Marine Cargo - this covers all sections of the distribution chain including goods in transit and storage risks.

Capacity: Up to US$ 3.25 million

Malek Mechouet Senior Underwriter – Facultative +968 24397710 malek.mechouet@omanre.com.om
Mondher Aldarmaki Deputy Underwriter – Facultative +968 24397712 mondher.aldarmaki@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Treaty Underwriting

At Oman Re, we provide reinsurance protection for non-Life business to many leading direct insurance companies in the Afro-Asian markets. We offer proportional and non-proportional treaty support with following underwriting capacity.

  • Non-Marine: Up to US$ 2.6 million per program This includes Property, Engineering and Miscellaneous classes (Personal Accident, GTPL, CGL)
  • Marine: Up to US$ 3.25 million per program This includes Marine Cargo, Marine Hull and Offshore Energy
  • Motor: Up to US$ 1.95 million per program

 

Zohaib Arshad Senior Underwriter – Treaty +968 24397711 zarshad@omanre.com.om
Underwriting department General Email   Underwriting@omanre.com.om

 

Events Cancellation

In 2018, Oman Re started to write “Events Cancellation” insurance from GCC and Lebanon countries only.

Our target is small and medium size events with sum insured up to $900,000 (OMR 350,000) per declaration.

Larger Events are also welcomed

The following Classes of Coverage can be offered: Cancellation, Non-Appearance, Adverse Weather, Contingent Terrorism.

For more details about our Risk Appetite, Underwriting Limits, Applicable Wordings & Exclusions, please download to our Event Cancellation flyer: Download

 

 

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