Neema Insurance Managing Agency has signed a reinsurance partnership with Southern Pacific Insurance Corporation (SOPAC), an insurance company based in American Samoa.
Through this agreement, effective starting 1 March 2022, SOPAC will allow Neema to underwrite business in Africa and Asia.
The African agency is now authorized to underwrite the following risk categories:
- property damage and engineering
- marine hull and cargo (including P&I)
- aviation
- third party liability
- surety
- political violence and terrorism
- political risks
- miscellaneous risks
This initiative is part of Neema's 2022 objectives which aim to enter into binding agreements with reinsurers.
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