Morgan Price has changed the insurance company to underwrite its policies to Expacare Insurance Company (Mauritius) Limited (“EICML”).
EICML is the holder of a Category 1 Global Business License under Section 72(6) of the Financial Services Act 2007 and of an external Insurer Business License under Section 11 of the Insurance Act 2005, both issued by the Financial Services Commission of Mauritius.
Morgan Price Policyholders and EICML will benefit from the financial strength and protection of it’s reinsurer General Reinsurance AG, based in Cologne, Germany.
Gen Re is a member of the Berkshire Hathaway family of companies, with $15.5 billion in capital and $11.0 billion in premiums (NPW)
Gen Re has earned superior financial strength ratings from each of the major rating agencies:
A.M. Best: A++ (Superior),
Moody's Financial Strength Rating: Aa1,
Standard & Poor's Claims Paying Ability Rating: AA+.
For Morgan Price policyholders GenRe provides 100% reinsurance cover to EICML.
Please feel free to discuss with us to find the most suitable plan for you, we will be happy to assist you.