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FAIR POOL |
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OBJECTS |
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The principal object of the Pool is to accept reinsurance and retrocession business from the African and Asian markets in the following classes of insurance business: |
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• Fire;
- Accident, excluding motor, credit, bonds, liability and aviation business unless when incidental or part of a bouquet;
- Engineering;
- Marine Hull and Marine Cargo;
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• Accident, excluding motor, credit, bonds, liability and aviation business unless when incidental or part of a bouquet; |
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• Engineering; |
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• Marine Hull and Marine Cargo; |
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ORGANS |
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General Assembly |
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The General Assembly is the supreme authority of the Pool and it is composed of all the members of the Pool and the Secretary General of FAIR as ex-officio member.
The General Assembly meets once every two years at the same venue and during the same period of the FAIR General Meeting.
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Technical Board |
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The Technical Board consists of 8 member companies wherein either Africa or Asia elected by the Pool's General Assembly for a period of 4 years subject to extension. The Managers of the Pool, the Secretary General, the President of the FAIR are also the ex-officio members of the Technical Board.
The Technical Board meets regularly at least once a year at the Managers’ office.
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The Managers |
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The Managers are appointed by the Pool's General Assembly to do all the administrative work necessary for the proper functioning of the Pool for a term of 4 years subject to renewal.
Milli Re is entrusted with the management of the FAIR Reinsurance Pool since its establishment.
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