Treaty Reinsurance Brokerage Services Contract

Lot 1 constitutes the Contract regarding brokerage services related to reinsurance of the Contracting Entity’s guarantee and loan portfolio under treaty programmes. A treaty reinsurance agreement is typically entered into with a panel of reinsurers for an underwriting period of 1 year and with a cover period of up to 20 years, but with a possibility to ask for special acceptance of cover of construction period plus 22 years of repayment. A treaty reinsurance programme will be a structured product under terms that will vary for each treaty reinsurance agreement depending among others on the Contracting Entity’s budget and project forecast. A minimum accepted rating of the Reinsurers would be S&P A- or similar combined with an acceptable equity level. Currently, the Contracting Entity seeks treaty reinsurance for the following classes of business, which might be changed through the term of the lot: - Project finance guarantees (commercial and political risk), - Buyers credit guarantees (commercial and/or political risk), - Investment guarantees (political risk), - Export loans (commercial and political risk) (through internal export loan guarantee policy that in the future might be issued by EKF). - Supplier Credit Guarantee Covering Deferred Payments (commercial and political risk) - Guarantees for surety bonds (commercial and political risk).