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NGK RE LIMITED

At NGK Re Limited, we provide a range of specialized reinsurance
services, ensuring that our clients are fully covered across multiple
industries. Explore our key services in detail below:

Property Insurance

Property insurance is essential for industries facing risks from natural disasters, accidents, or hazardous operations. NGK Re offers tailored solutions to protect physical assets and ensure business continuity.

Bespoke Placements Include:

  • All Risks: Comprehensive coverage for physical loss or damage to property.
  • Named Perils: Specific coverage for risks like natural catastrophes, including earthquakes, floods, and storms.
  • Difference in Conditions: Enhances existing policies by covering additional risks not covered by primary policies.
  • Deductible Buy-Downs: Reduces out-of-pocket costs in the event of a claim.

 

Industries We Serve:

  • Heavy Industry: Covers sectors such as chemicals, mining, plastics, and contractor plant & equipment.
  • Infrastructure: Protection for large-scale infrastructure projects, such as roads, bridges, and power plants.
  • Real Estate: Comprehensive coverage for commercial and residential properties.
  • Retail and Distribution: Tailored protection for businesses in the retail and distribution sectors.

Our property insurance solutions ensure that even the most complex risks are adequately covered.

Energy and Power Insurance

Energy operations are complex and face risks at every stage of their lifecycle. NGK Re offers coverage that spans from exploration to decommissioning, ensuring that your assets are fully protected.

Areas of Coverage:

  • Construction/Erection (All Risks): Coverage for the construction and erection of energy facilities, both offshore and onshore.

  • Business Interruption and Loss of Profits: Protects against operational downtime and revenue loss due to incidents like machinery breakdown.

  • Control of Well/Operator’s Extra Expense: Covers costs related to well control issues, including redrilling and restoration.

  • Third-Party and Contractual Liability: Comprehensive liability coverage for pollution, accidents, and legal liabilities.

  • Offshore Decommissioning: Protection during the final stages of energy projects, ensuring safe and compliant decommissioning.

  • Terrorism and Political Violence: Coverage against risks posed by acts of terrorism or political instability.

Our energy and power solutions cater to industries such as oil & gas, mining, and power generation.

Accident and Health Insurance

Protecting your team is essential. NGK Re provides accident and health insurance solutions that cover employees and executives against injury, illness, and death.

Coverage Areas:

  • Personal Accident/High Limit Disability: Protects individuals from financial loss due to severe injuries or disability.

  • Income Protection: Ensures income continuity in the event of long-term injury or illness.

  • Key Man Insurance: Coverage for businesses against the loss of critical personnel.

  • Group Life Insurance: Comprehensive life insurance coverage for teams, ideal for large organizations.

  • Business Travel: Protects employees while they are traveling for work.

  • Occupational Risks: Specialized coverage for high-risk jobs, including construction and oil & gas.

  • International and Expat Medical Programs: Tailored health coverage for expatriates and international workers.

  • Emergency Medical Expenses and Repatriation: Coverage for medical emergencies and the repatriation of personnel.

  • Kidnap & Ransom: Protection for individuals and organizations operating in high-risk areas.

  • Contingency Insurance: Covers unexpected events that may impact business operations.

  • Inclusion of War and Terrorism: Extended coverage for companies operating in unstable regions.

NGK Re Limited’s accident and health insurance ensure that businesses can operate smoothly, even in the face of employee injuries or loss.

Construction Insurance

The construction industry faces inherent risks at every stage of a project. NGK Re’s construction insurance solutions provide comprehensive protection to ensure projects are completed without financial or operational setbacks.

Coverage Includes:

  • Construction All Risks: Comprehensive protection for construction projects, covering physical damage and liability.

  • Advance Loss of Profits/Delay in Start-Up: Compensation for revenue loss due to project delays or damage.

  • Third-Party Liability: Coverage for accidents and injuries that may affect third parties during the construction phase.

  • Mobile Plant and Equipment: Coverage for essential construction equipment against damage or theft.

Industries We Serve:

  • Airports and Bridges: Large infrastructure projects requiring specialized insurance.

  • Ports and Terminal Railways: Coverage for complex transportation projects.

  • Roads and Tunnels: Tailored solutions for high-risk public infrastructure developments.

Our construction insurance is designed to ensure that your projects stay on track, no matter the challenges.

Marine Insurance

The marine industry faces unique and complex risks, from ship damage to environmental liabilities. NGK Re Limited offers tailored solutions that protect your marine assets at every stage.

Coverage Areas:

  • Hull and Machinery: Protects against physical damage to the ship’s hull and machinery.

  • Protection & Indemnity (P&I): Coverage for third-party liabilities including crew injury, pollution, and wreck removal.

  • War Risks: Includes protection against damage caused by war-related incidents, including cargo war.

  • Loss of Hire/Earnings: Provides compensation for loss of income due to vessel downtime.

  • Ship Seizure and Builders’ Risks: Protects against potential losses from shipbuilding risks or vessel seizure.

  • Voyage Insurance: Covers vessels during delivery, relocation, or recycling trips.

  • Marine Property: Coverage for marine assets, including ports and terminals.

  • Crew Personal Accident: Protects crew members against accidents, offering compensation for injury or death.

Our marine solutions are designed to cater to industries such as shipping, ports, and offshore operations.

Cargo and Stock Throughput Insurance

We provide comprehensive coverage for every stage of the supply chain, ensuring that your goods are protected from production to delivery.

Industries We Serve:

  • Auto and Aviation Parts: Protects high-value parts during transportation.

  • Commodities: Coverage for both soft and hard commodities, from agricultural goods to metals.

  • Construction/Project Cargo: Specialized coverage for large-scale construction projects, including project delays.

  • Consumer Goods: Includes protection for clothing, electronics, and other high-demand goods.

  • Food & Beverage: Covers perishable items, including chilled and frozen goods.

  • Oil & Gas: Protects essential materials in the energy supply chain.

Areas of Coverage:

  • Standalone Primary and Excess Storage: Protects inventory in storage facilities.

  • Stock Throughput: Comprehensive coverage that combines cargo and inventory.

  • Inland Marine and Ocean Cargo: Coverage for goods transported over land and sea.

  • Project Cargo and Delay in Start-Up: Protects against delays in major construction projects and the associated costs.

NGK Re Limited’s cargo and stock throughput solutions are ideal for industries requiring seamless protection from start to finish.

Special Lines Insurance

Cyber Security Insurance

As the digital world expands, so do the risks associated with cyber threats. NGK Re Limited provides insurance solutions that cover the increasing vulnerabilities in digital infrastructures.

Key Coverage Areas:

  • Critical Breach Response Services: Immediate response to cyber breaches, including crisis management.

  • Third-Party Liability: Protects against claims from customers or partners affected by a breach.

  • Regulatory Costs: Covers the cost of fines and penalties imposed by regulatory bodies after a breach.

  • Business Interruption: Compensation for loss of revenue due to cyber attacks affecting your operations.

  • Damage to Digital Assets: Protects against loss or corruption of digital data and software.

  • Reputational Damage: Helps cover the cost of restoring your brand’s reputation post-breach.

  • Social Engineering Crime: Protection against frauds like phishing or impersonation that result in financial loss.

Our cyber insurance is ideal for businesses of all sizes, from small enterprises to large corporations.

 

Financial Risks Insurance

NGK Re Limited provides executive-level coverage for financial risks that protect directors, officers, and professionals against potential liabilities.

Coverage Areas:

  • Directors’ and Officers’ Liability: Protects company executives from personal liability in the event of legal action.

  • Errors & Omissions (E&O): Coverage for professionals who are at risk of being held liable for mistakes in their services.

  • Professional Risks: Tailored coverage for individuals and firms in industries like oil & gas, financial institutions, and construction.

Industries We Serve:

  • Oil & Gas/Energy: Protection for executives in the high-risk energy sector.

  • Mining Companies: Tailored financial coverage for complex mining operations.

  • Architects & Engineers: Coverage for professionals managing construction and design projects.

  • Financial Institutions and Investment Managers: Executive-level protection for financial professionals and institutions.

Our financial risk solutions ensure that businesses and their leaders are protected from unforeseen legal and financial claims.

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Regulated by the DFSA Firm
Reference No. F006607

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