EllGeo Re

Insurance myths can lead to costly misunderstandings.

Reinsurance is not just about size.

It's about resilience, capacity, and creating stability in an increasingly uncertain world.

Today, we celebrate the diversity of voices, rhythms, and traditions that make our world unique. From every corner of the globe, music reminds us that while our melodies may differ, we all share the same beat. Happy Music Day from the EllGeo Re family. 🌍🎵

📊 Emerging risks are reshaping the business landscape at an unprecedented pace.

From cyber threats and climate-related events to geopolitical uncertainty and the rapid evolution of artificial intelligence, organizations must continuously adapt to remain resilient.

Which emerging risk do you believe will have the greatest impact on businesses over the next 5 years?

🔹 Cyber Risk
🔹 Climate Risk
🔹 Geopolitical Risk
🔹 Artificial Intelligence Risk

Cast your vote in the comments and tell us why. We'd love to hear your perspective.

🌍 EllGeo Re is proud to announce its participation in the 52nd Conference and Annual General Assembly of the African Insurance Organisation (AIO), taking place from 5th to 9th June 2026 in Cairo, Egypt.

Our Head of Client Management & Business Development, Hemlata Karooa, and Reinsurance Broker, Parvesh Boolaky, will be representing EllGeo Re at this prestigious event.

Join us as we engage with industry peers, explore new perspectives, and collaborate on the future of insurance in Africa. 🤝
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🌍 EllGeo Re a le plaisir d’annoncer sa participation à la 52e Conférence et Assemblée Générale de l'Organisation Africaine des Assurances (OAA), qui se tiendra du 5 au 9 juin 2026 au Caire, en Égypte.

Notre Head of Client Management & Business Development, Hemlata Karooa, et notre Reinsurance Broker, Parvesh Boolaky, auront l’honneur de représenter EllGeo Re lors de cet événement de premier plan.

Une belle opportunité d’échanger avec nos pairs, de partager de nouvelles perspectives et de contribuer au développement d’une industrie de l’assurance plus forte et inclusive en Afrique. 🤝

The cyber insurance market is giving contradictory signals. ⚠️

While pricing has softened across many global markets, the actual threat landscape is doing the exact opposite.

In his latest article, Parvesh Boolaky, Reinsurance Broker at EllGeo Re, breaks down the harder real-world realities behind today's competitive rates—and why this current market cycle is a critical window of opportunity for businesses. 🔐

Cyber Insurance in 2026: A Soft Market Facing Harder Realities Cyber insurance remains one of the most dynamic specialty lines globally. While pricing has softened across many markets, the underlying threat landscape continues to harden.

EllGeo Re (Mauritius) Ltd has been operating as an established reinsurance broker since 𝟐𝟎𝟎𝟑, with deep experience across African and Indian Ocean markets. Over the years, our approach to East Africa has been deliberate and structured, focused on long‑term capability, regulatory alignment, and meaningful client engagement.

𝐄𝐥𝐥𝐆𝐞𝐨 𝐑𝐞 𝐢𝐬 𝐚𝐜𝐜𝐫𝐞𝐝𝐢𝐭𝐞𝐝 𝐭𝐨 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐢𝐧 𝐑𝐰𝐚𝐧𝐝𝐚, 𝐔𝐠𝐚𝐧𝐝𝐚, 𝐚𝐧𝐝 𝐓𝐚𝐧𝐳𝐚𝐧𝐢𝐚, supporting insurers in these markets through a regional operating model. Our East African presence is complemented by 𝐄𝐥𝐥𝐆𝐞𝐨 𝐒𝐞𝐚𝐠𝐨𝐧 𝐑𝐞𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐬 𝐋𝐭𝐝 𝐢𝐧 𝐊𝐞𝐧𝐲𝐚, which serves as our 𝐄𝐚𝐬𝐭 𝐀𝐟𝐫𝐢𝐜𝐚𝐧 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐜𝐥𝐢𝐞𝐧𝐭 𝐞𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦, enabling close proximity to clients across the region, while 𝐚𝐥𝐥 𝐫𝐞𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐫𝐞 𝐞𝐱𝐞𝐜𝐮𝐭𝐞𝐝 𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐥𝐲 𝐛𝐲 𝐄𝐥𝐥𝐆𝐞𝐨 𝐑𝐞 (𝐌𝐚𝐮𝐫𝐢𝐭𝐢𝐮𝐬) 𝐋𝐭𝐝, in line with our governance framework and market ex*****on standards.

Rather than focusing on market entry announcements, our contribution to East Africa is centered on 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐚𝐥 𝐨𝐮𝐭𝐜𝐨𝐦𝐞𝐬 𝐟𝐨𝐫 𝐢𝐧𝐬𝐮𝐫𝐞𝐫𝐬, including:

• 𝐑𝐞𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐩𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐞 𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐢𝐧𝐠 – designing and placing treaty and facultative solutions aligned to underwriting strategy, retention appetite, and capital considerations, with access to regional and international capacity.

• 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐚𝐝𝐯𝐢𝐬𝐨𝐫𝐲 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 – supporting insurers with portfolio analysis, optimization of reinsurance structures, benchmarking, surveying of risks, and providing risk insights across multiple lines of business.

• 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐬𝐭 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐥𝐞𝐱 𝐫𝐢𝐬𝐤𝐬 – experience across financial lines, political risks, marine, aviation, property, engineering, and other specialty classes requiring advanced structuring and global market access.

• 𝐂𝐥𝐚𝐢𝐦𝐬 𝐡𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐚𝐧𝐝 𝐫𝐞𝐜𝐨𝐯𝐞𝐫𝐢𝐞𝐬 – hands‑on support throughout the claims lifecycle, ensuring discipline, transparency, and efficient recoveries.

• 𝐊𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐭𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐚𝐧𝐝 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 – strengthening underwriting discipline and technical capability through training and advisory engagement.

𝗧𝗵𝗲 𝗘𝗮𝘀𝘁 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗰𝗼𝗻𝘁𝗲𝘅𝘁
East Africa functions as an interconnected reinsurance ecosystem, where cross‑border expertise, strong governance, and access to international markets remain essential. EllGeo Re serves the region through close collaboration between its Mauritius‑based placing team and its Nairobi‑based operating platform, enabling responsiveness while maintaining consistency of standards and market practice.

𝗔 𝗹𝗼𝗻𝗴‑𝘁𝗲𝗿𝗺 𝗰𝗼𝗺𝗺𝗶𝘁𝗺𝗲𝗻𝘁
EllGeo Re’s presence in East Africa reflects a 𝐥𝐨𝐧𝐠‑𝐭𝐞𝐫𝐦 𝐜𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭, professional standards, and responsible intermediation. Backed by the IBL Group, a leading Mauritian conglomerate with operations across 20+ countries in the Indian Ocean and East Africa and certified as an 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐅𝐢𝐫𝐦 (𝐈𝐏𝐏𝐅) of the Chartered Insurance Institute (UK), we remain focused on delivering sustainable, value‑driven outcomes for clients, regulators, and market participants across the region.

Sometimes, the outcome of a reinsurance claim comes down to a single word.

In reinsurance, we often focus on structure — limits, premiums, layers, attachment points. Yet the real risk often lies elsewhere:

In the wording.

In this insightful piece, Janita Chellemben, Reinsurance Analyst at EllGeo Re specialising in policy contractual wording, explores how a misplaced definition, an overlooked exclusion, or an assumption hidden within a clause can transform a straightforward claim into months of interpretation and dispute.

Because contracts are not truly tested at placement.
They are tested at the moment of loss.

From the interpretation of an “event” to the application of cyber exclusions, wording precision is far more than documentation — it is a core risk management discipline.

At EllGeo Re, we believe clarity matters.
Because while the numbers define the deal, the wording defines the outcome.

The Hidden Risk in Reinsurance Contracts: Wording Matters A single word is sometimes all it takes to change the outcome of a reinsurance claim. Wordings can make or break a reinsurance claim, especially when tested in real-life situations.

In non-proportional (Excess of Loss) reinsurance, structure defines response. 📊

The reinsurer steps in only once the insurer’s retention is exceeded — a fundamental principle that ensures protection where it matters most: severity, not frequency. ⚖️

Understanding these mechanics is key to building resilient programmes. 🛡️

At EllGeo Re, our strength lies in our people.

As we continue to grow, we are pleased to welcome and spotlight some of the individuals contributing to our evolving team, each bringing their own perspective, energy, and commitment to excellence.

Understanding reinsurance goes beyond definitions — it’s about knowing how structures respond when it matters most. 📊

This week’s question focuses on a fundamental concept in non-proportional reinsurance.

Do you know when the reinsurer steps in? 🤔

Share your answer below 👇

📢 The correct answer will be announced this Friday — follow us for more insights.