Emerald Risk Transfer (Pty) Ltd is a leading provider of corporate property and associated engineering insurance products on the African Continent. Established in 1999, Emerald continues to offer solution driven insurance products to corporate policyholders throughout Africa, including Indian Ocean Islands and internationally in the Middle East, as well as the South-Central, Eastern and South- East Asian regions. Correct understanding and measurement of risk, appropriate reinsurance placement, accounting and effective claims management are all key to our underwriting approach.
Africa Territorial Scope
Risks situated on the continent of Africa, including the Indian Ocean Islands. For multi-national corporations up to 25% of the total insured value per additional territory situated outside of Africa can be included. The current capacity per risk is USD 150 million or local currency equivalent on a limit of liability basis.
International Territorial Scope
Risks situated in Middle East, Central and South-East Asia, including the Indian sub-continent. The current capacity per risk is USD 20 million or local currency equivalent on a limit of liability basis.
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MIDDLE EAST
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EASTERN ASIA
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SOUTH-CENTRAL ASIA
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SOUTH-EAST ASIA
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Bahrain
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China
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Bangladesh
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Cambodia
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Jordan
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Hong Kong
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Bhutan
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Indonesia
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Kuwait
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Mongolia
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India
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Laos
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Lebanon
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South Korea
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Kazakhstan
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Malaysia
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Oman
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Taiwan
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Nepal
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Myanmar (Burma)
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Qatar
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Pakistan
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Philippines
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Saudi Arabia
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Sri Lanka
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Singapore
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Turkey
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Thailand
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United Arab Emirates
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Vietnam
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Additional capacity for all territories can be accessed trough innovative facultative reinsurance solutions. All cover is subject to standard Emerald conditions.
1 Africa only
2 International only
Santam Limited
Emerald is a wholly owned subsidiary of Santam Limited. Santam is the leading general insurer in South Africa with a market share of more than 22%. They provide a diverse range of general insurance products and services in Africa and internationally through their network of 2700 intermediaries and direct channels. They serve more than 1 million policy holders who range from individuals to commercial and specialist business owners and institutions.
Emerald’s A rated security
In addition to Santam’s International Standard & Poors rating, Emerald is able to offer A rated security through a binding authority from New Reinsurance Company Ltd (NewRe), whereby Emerald may use their international Standard & Poors AA- credit rating to write inwards reinsurance business. NewRe is registered in Zurich, Switzerland and is a wholly owned subsidiary of Münchner Rückversicherungs-Gesellschaft (Munich Re).
This security is available for selected risks on request.
Emerald Risk Transfer (Pty) Ltd (Reg. No. 1998/025512/07) is a South African authorised financial services provider (FSP No. 13893). Emerald is a wholly owned subsidiary of the Santam Group. Regulated by the Dubai Financial Services Authority as a Representative Office. Regulated by the Financial Conduct Authority (FCA) as a Representative Office in the UK.
