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International Underwriting and International Accounts
Inward business of Milli Re from emerging markets is handled by the International Underwriting (marketing & underwriting) and International Accounts (accounting & claims) departments. The International Underwriting Department is responsible for marketing trips and assessment of offers from emerging markets including Middle East, Asia, Africa, Eastern Europe, CIS countries and Latin America whereas the International Accounts Department is in charge of the accounting operations and claims.
Milli Re is mainly a treaty reinsurer (proportional or non-proportional) underwriting essentially short term lines such as fire, engineering, motor and marine. Any other lines of business (eg liability, aviation, energy etc.) are mostly accepted as part of a bouquet including the traditional lines. Life business is written on non-proportional basis. Generally speaking, Milli Re is a follower but occasionally can provide quotations for non-proportional business. |
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