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Omnia Re and Neema Insurance Managing Agency have partnered to expand access to specialist reinsurance solutions across Africa and other emerging markets.
Under the agreement, Omnia Re has appointed Neema as its sole underwriting partner for all African cedants and risks, providing a “unique platform” through which the market can access Omnia Re’s capacity and underwriting expertise.
According to the two firms, this arrangement is designed to streamline engagement, enhance responsiveness and deliver local support backed by international reinsurance resources.
Neema has also reportedly been given capacity to underwrite risks on behalf of Omnia Re from other territories, including certain countries in Asia, the Middle East, North America and South America.
The two firms continued, “The partnership combines Omnia Re’s international reinsurance capacity with Neema’s regional expertise, technical underwriting capabilities and growing presence across key emerging markets.
“Founded on a shared commitment to underwriting discipline, technical excellence and long-term partnerships, the collaboration will provide brokers, insurers and cedants with enhanced access to specialist reinsurance support across a broad range of classes.
“By combining local market knowledge with global reinsurance expertise, the partnership will support the development of sustainable underwriting portfolios and provide flexible risk transfer solutions tailored to the evolving needs of emerging markets.”
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đź’ˇ What This Means For You
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đź“° This article is sourced from a trusted insurance industry publication. Legacy Life Insurance Group shares this for informational purposes only. Always consult a licensed advisor for personalized guidance.