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    France: Subject: Reinsurance Placing Slip

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    Sew Big
    This document is a reinsurance placing slip from Abay Insurance SC to AXA Corporate Solutions Assurance. It provides details of an original insurance policy between Abay Insurance and ALSTOM GRID SAS AND EEPCO for an Erection All Risk Insurance policy. The key details are a policy period from August 1st 2012 to December 31st 2013 plus a maintenance period until December 31st 2014, with a limit of 895,488,450 Birr (~EUR 35,819,538) for the erection work. AXA's share of the risk is 91.34% of the total sum insured, or 817,939,150 Birr (~EUR 32,717,566). The net premium

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    France: Subject: Reinsurance Placing Slip

    Uploaded by

    Sew Big
    155 views2 pages
    This document is a reinsurance placing slip from Abay Insurance SC to AXA Corporate Solutions Assurance. It provides details of an original insurance policy between Abay Insurance and ALSTOM GRID SAS AND EEPCO for an Erection All Risk Insurance policy. The key details are a policy period from August 1st 2012 to December 31st 2013 plus a maintenance period until December 31st 2014, with a limit of 895,488,450 Birr (~EUR 35,819,538) for the erection work. AXA's share of the risk is 91.34% of the total sum insured, or 817,939,150 Birr (~EUR 32,717,566). The net premium

    Original Description:

    placing alsto Gread

    Original Title

    Placing Slip ALSTOM GRID

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    This document is a reinsurance placing slip from Abay Insurance SC to AXA Corporate Solutions Assurance. It provides details of an original insurance policy between Abay Insurance and ALSTOM GRID SAS AND EEPCO for an Erection All Risk Insurance policy. The key details are a policy period from August 1st 2012 to December 31st 2013 plus a maintenance period until December 31st 2014, with a limit of 895,488,450 Birr (~EUR 35,819,538) for the erection work. AXA's share of the risk is 91.34% of the total sum insured, or 817,939,150 Birr (~EUR 32,717,566). The net premium

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    155 views2 pages

    France: Subject: Reinsurance Placing Slip

    Uploaded by

    Sew Big
    This document is a reinsurance placing slip from Abay Insurance SC to AXA Corporate Solutions Assurance. It provides details of an original insurance policy between Abay Insurance and ALSTOM GRID SAS AND EEPCO for an Erection All Risk Insurance policy. The key details are a policy period from August 1st 2012 to December 31st 2013 plus a maintenance period until December 31st 2014, with a limit of 895,488,450 Birr (~EUR 35,819,538) for the erection work. AXA's share of the risk is 91.34% of the total sum insured, or 817,939,150 Birr (~EUR 32,717,566). The net premium

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    Date: 02 August, 2013

    Ref. No: AI/DCEO/038/13

    M/S AXA Corporate Solutions Assurance


    France

    Subject: Reinsurance Placing Slip


    Original Insurer : Abay Insurance SC

    Facultative Reinsurer : AXA CORPORATE SOULUTIONS ASSURANCE

    Original Insured : ALSTOM GRID SAS AND EEPCO

    Policy No: : 0001/0713/EAR/MNAB

    Type of Cover: : ERECTION ALL RISK INSURANCE

    Policy Wording : as per the standard policy wording supplied by Africa Re

    Period of Insurance : form 01/08/2012 to 31/12/2013 + Maintenance Period from 01/01/2014 to 31/12/2014

    Interest : ETSIB 2 lot 2 – ELECTICITY TRANSMISSION SYSTEM IMPROVEMENT PROJECT


    As more fully defined in the original policy

    Limit (100%) : ERECTION WORK Birr 895,488,450.00 (~EURO 35,819,538.00)

    Total Premium: : Birr 1,343,232.68(~EURO 53,729.30)

    Excess /Deductible (100%) : As more fully defined in the original Policy

    Endorsements: : As more fully defined in the original Policy

    Your Total Share of the S/I : Birr 817,939,150.23 (91.34% OF TSI) (~EURO 32,717,566.00)

    Your Share of the premium : Birr 1,226,908.73(~EURO 49,076.35)

    Less our commission@12.5% : Birr 153,363.60 (~EURO 6,134.54)

    Net Premium due to You : Birr 1,073,545.14 (~EURO 42,941.80)

    Claims Status : No Known or Reported Loss to Date

    Remark: policy will be issued up on settlement of full premium by the original insured.

    Please, therefore, confirm your acceptance by signing and returning copy of this final slip to us
    and retain copy of same to your records.

    _________________ _____________________

    For and on behalf of For and on behalf of

    Address:- Enat tower, Near to Bambis Square (In front of Yordanos hotel)
    * 5879 ( 011-515-75-73 Fax: 011-515-76-90 email: abayinsurance @ethionet .et
    Abay Insurance S.C AXA Corporate Solutions Assurance

     5879  011-515-75-73 Fax: 011-515-76-90 Addis Ababa, Ethiopia

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