Reinsurance program | Lev Ins

Reinsurance program

LEV INS has arranged reinsurance covers for its major lines of business.

MTPL

The MTPL business of the Company is covered by XL Reinsurance Treaty placed with the following Reinsurers:

Hannover Re – AA- (S&P’s)

Arch Re – A+ (S&P’s)

VIG Re – A+ (S&P’s)

Signal Iduna – A+ (S&P’s)

Korean Re – A (S&P’s)

GIC Re – A- (AM Best)

 

Property

The Company’s portfolio of property business is reinsured by XL Reinsurance Treaty per both risk and event. The Treaty covers the whole book of property account of the Company, e.g. Fire and Special Perils, All Risks, Business Interruption, CAR/EAR, Machinery Breakdown and Electronic Equipment.

Motor Hull

In addition to XL Property Reinsurance Treaty, Motor Hull for CAT cover is also attached.

The Reinsurance Treaty is placed with:

Sirius – А- (S&P’s)

Polish Re – A- (AM Best)

Korean Re – A (S&P’s)

Kuwait Re – A- (AM Best)

Dunav Re – BB+(AM Best)

 

 

DISCLOSURE UNDER ARTICLE 185 OF THE INSURANCE CODE

Name: LEV INS AD INSURANCE COMPANY

Legal Status: Joint Stock Company

Seat and Registered Address: 51 D Cherni vruh Blvd., Sofia 1407;

Address of the Agency Placing the Insurance: (as the case is)

Dispute Settlement:
Complaints by customers will be forwarded to the Records Department. All complaints received at our offices will be immediately faxed to HQ.
All claims will be reviewed by the Executive Director. All complaints will be replied in writing.

Applicable Law:
All matters will be dealt with in accordance with the Bulgarian law and the international acts ratified by Bulgaria.