If necessary, CJSIC «Belneftestrakh» reinsures accepted obligations both on domestic and foreign insurance market, which allows to form a stable portfolio of insurance. During 12 years of our activities in the insurance market, the company has established partnership relations with many reinsurance companies of the Republic of Belarus, Russia and Europe. Due to honest and transparent politics of CJSIC «Belneftestrakh» the list of our permanent partners in the sphere of reinsurance is constantly growing.

During this time effective insurance and reinsurance programs have been developed by the employees of the company, as a result of which our customer base and the number of our business partners have significantly increased. However, we are open for new business relations.

While collaborating with other insurance companies our main principle is ensuring reliable protection of reinsured risks. Major Belarusian insurance companies are our reinsurance partners. They include:

• SUE «Belarusian National Reinsurance Organization»
• BRUIC «Belgosstrakh»
• CJSIC «B & B Insurance Co»
• BRUEEII «Beleximgarant»
• CJSC «IC«ERGO»
• CJSC «IC«Belrosstrakh»
• CJSIC «Victoria»
• CJSIC «Garantiya»
• CJSIC «Kentavr»
• CJSIC «Kupala»
• CJSIC «PromTransInvest»
• CJSIC «Task»
• CJSIC «Belkoopstrakh»
• CJSIC «Belingosstrakh»
• «Zepter Insurance».

CJSIC «Belneftestrakh» is guided by the strategy of collaborating with partners from the countries of the former USSR. Overwhelming majority of risks assumed by CJSIC «Belneftestrakh» from non-residents originates from the near abroad:

• LLC IC «Megaruss Re»;
• OJSC «Moscow Reinsurance Association»;
• CJSC «National Reinsurance Association»;
• OJSC «Asiatrans Re»;
• CJSC «Kapital Reinsurance»;
• OJSC «SOGAZ»;
• LLC «Insurance company «Avista-Garant»;
• LLC «IC INNOGARANT»;
• JSC «Insurance company «AMANAT INSURANCE»;
• ES «Riga Re»;
•  LLC IC «Neftepolis»;
• OJSC Branch «Transsiberian reinsurance corporation»;
• LLC IC «ZHASO-Policy»;
• LLC «Universal Reinsurance Company»;
• «State Insurance Company «Ugoria»;
• OJSC«Profile-Re».

As a result of active cooperation with present reinsurance partners as well as expansion into new markets in 2007 CJSIC «Belneftestrakh» managed to strengthen its relations with major partners. Our reinsurance partners include international market leaders with required reliability rating, among them:

• Lloyd's Syndicate (Great Britain);
• Munich RE (Germany);
• Hannover RE (Germany);
• Swiss RE (Switzerland);
• Allianz AG (Germany);
• IGI Company Limited (Jordan);
• Amlin Underwriting (Great Britain), etc.

A significant number of reinsurance transactions is held with the help of brokers. The role of a reinsurance broker is to ensure long term equitable cooperation between reinsurant and reinsurer. Screening of offered reinsurance risks at preliminary stage is an important function of a reinsurance broker. CJSIC «Belneftestrakh» actively cooperates with:

• Beauchamp & Savrassov LTD / Cooper Gay Eastern Europe LTD;
• Aon Limited (Ukraine);
• Mai Reinsurance Brokers LTD (Latvia).

We will be happy to make new mutually beneficial business contacts!

Heavy risks

CJSIC «Belneftestrakh» has stable annual rates of growth of joint reinsurance portfolio; the geography of accepted reinsurance risks is vast:

• property risks of «BelKA» space vehicle (Belarus);
• risks directly or indirectly connected with space projects at the stage of maintenance, installation and tests (Russia);
• property risks of light industry enterprises (Turkmenia);
• multi-risks of airports on the islands of Sal and San Taigo (Republic of Cape Verde);
• building and installation risks of submarines in the process of building (Russia);
• building and property risks of tan batteries on the oil field locator of Vancor’s deposits (Russia);
• property risks of oil-refining plant Behran Oil Company (Iran);
• building, property risks in the risks of civil responsibility with regard to third parties and additional expenses of the company conducting drilling works on the shelf (Vietnam);
• disaster risks all over the world.

And this is only a small part of the risks, which CJSIC «Belneftestrakh» has accepted. According to accepted obligations we undertake to effect payment within several days after we receive a complete set of documents required for settlement of damages.