Reinsurance & Retrocession Solutions

About Us

Maksure Risk Solutions is an Afro-Global independent specialist insurance and reinsurance broker based in Johannesburg, South Africa with business footprint in Africa, Asia, East & Western Europe, South America and the Caribbean. We provide innovative and tailor-made risk solutions in Insurance and Reinsurance as well as Risk Financing and Actuarial Consulting geared towards capital management and strengthening our client’s balance sheet. Maksure is also one of the major players in Captive Management (Establishment & Management) in South Africa, Mauritius, Bermuda and various other jurisdictions. Maksure has a deep understanding of the African markets and access to Lloyds markets.

Maksure Risk Solutions is inspired to assist clients in tackling underwriting and capital management objectives for start-up and mature insurance companies. Our powerful combination of specialized reinsurance broking expertise, advisory services, analytics and flexibility in negotiating tailor made solutions with a wide range of reinsurers affords us a cutting edge competitive advantage in enabling our clients to unlock value and achieve profitable growth.

We provide treaty, facultative and alternative risk transfer solutions in the following classes:

Facultative Reinsurance

In providing facultative reinsurance broking and risk advisory services, we deploy both quantitative and qualitative approaches to identify, quantify and address clients’ risk management and reinsurance needs. Our product and service offerings include risk analysis, reinsurance program design and placement, reinsurance program support and administration, claims support and advocacy, alternative risk strategies and a wide array of risk analysis and risk management consulting services. Our firm’s resources also include more than 15 risk, specialty and industry practices, including robust cyber, financial and professional service practices, along with employee health & benefits business. Maksure provides services to clients of all sizes, including large multinational companies, high growth middle-market businesses, small commercial enterprises and high net-worth private clients. Maksure has advisory and placement services that benefit large domestic and international companies and institutions facing complex risk exposures.

In addition to reinsurance broking, Maksure provides ancillary specialist advisory or placement services in the following key principal areas: Property Risk and Asset Valuation; Workforce Strategies; Claims Consulting; Strategic Risk and Cybersecurity Consulting, and Financial Advisory Services.

We elevate treaty reinsurance to a strategic level that addresses our client’s underwriting and capital objectives on a portfolio basis. Our international nature allows us to provide our clients with flexible treaty programs, structured and priced to align client’s challenges and goals which include premium growth, rating agency interests and return on capital.

Our treaty consultants and dedicated actuarial team provides the necessary analytical substrata for the efficient and in-depth examination of all opportunities and extraction of inefficiencies. We utilise MakCat® (Maksure Risk Solutions proprietary catastrophe model), our inhouse engineered proprietary analytics software to ensure that we advise you on the most optimal treaty structures and covers to purchase. Our treaty solutions surpass traditional broking by providing strategic advisory, actuarial analytics, Dynamic Portfolio Optimisation, stochastic modelling and reinsurance experience studies among others.

Treaty Reinsurance

Alternative Risk Transfer & Captives Management

The ever-evolving risk landscape and desire to protect the overall balance sheet has not been met by the traditional insurance and reinsurance market. This has seen the proliferation of structured risk and captive risk solutions. Maksure has a proven record in alternative risk solutions which has enabled clients to insure the previously deemed uninsurable risks.

We have capabilities aimed at developing sophisticated finite structured risk solutions that optimize return on capital, balance sheet protection and shareholder value. Our professionals have an unmatched skill in designing and placing a wide range of alternative risk transfer solutions including:

Finite Quota share insurance
Spread loss insurance and reinsurance
Loss portfolio transfers
Reinstatement premium protections
Multi-year aggregate stop loss
Contingent capital protection (single or multi trigger basis)
Insurance derivatives (weather related protections)

Services

We offer end to end reinsurance solutions which include reinsurance broking, reinsurance technical accounting, claims management and contract wording.

Reinsurance Broking
We employ industry-leading professionals to deliver reinsurance broking solutions. We spend time in listening and analyzing our client’s needs and offer the best solutions available. We treasure our solid relationships with the reinsurance market which enables us source the best terms for our clients.
Claims Management
We provide excellent claims management service. We work closely with claims experts to collect, evaluate, and present reinsurance claims. We believe that our clients experience the greatest value of purchasing reinsurance cover at claims stage and thus we have invested in state-of-the-art technology to ensure that communication is expedited.

Contract Wording
We understand that a contract wording is the basis of the legal relationship between the reinsured and the reinsurers. We therefore take time to ensure that each contract is carefully prepared to reflect an unambiguous intent and understanding with respect to the placement. We strive to keep abreast with the new wordings in the market for the benefit of our clients.
Technical Accounting
Our technical accounting team prepares reinsurance accounts strictly according to the reinsurance contract in a timely fashion. We also prepare Profit Commission calculations, and premium adjustments as required by the reinsurance contract. We are also dedicated in managing run off accounts to the benefit of both our clients and the reinsurers.

Business Intelligence Centre

Maksure’s Business Intelligence centre researches and develops the latest thought leadership materials from the major markets we serve. From our 4 main library locations in London, South Africa, Bermuda and India, our team of researchers and thought leaders tirelessly sculpt for global, regional and local news and trends. The deep understanding of market dynamics we gain through research keeps us ahead of competition and enables us to advise our clients on key issues that influence market direction and strategic decisions.

Our Academy Course Programme provides learning opportunities for our clients and partners on a range of product specific and management modules, allowing them to develop product, technical and market knowledge. Modules are delivered through a combination of formal presentation, active participation in case studies and group discussions in a workshop environment.

These courses are available free of charge, but on an invitation only basis. We endeavour to create an effective learning environment for all delegates that enables the tutor to deliver training at the level appropriate to you.

Subjects include:

Reinsurance & Retrocession Solutions

About Us

Facultative Reinsurance

Treaty Reinsurance

Alternative Risk Transfer & Captives Management

Services

Reinsurance Broking

Claims Management

Contract Wording

Technical Accounting

Business Intelligence Centre

Maksure Academy

TOBA & Policies

Our Regulators

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