SKY RE Facultative and Treaty Limited (SKY RE) was duly incorporated and licensed as an international Reinsurance company under the provisions of the Nevis International Insurance Ordinance 2004 (and amendments) in December 2013 and is therefore a relatively new arrival within the global Reinsurance industry.
The original rationale for the establishment of the company was to provide suitable reinsurance options for clients having difficulty in placing coverage within the conventional reinsurance market due to either the geographical location of the risks or the nature of the risk itself and to provide competitive and expedient solutions in such instances.
Still a relative newcomer to the industry sector, SKY RE has made significant progress in its first years of operations, operating from its primary office at Hunkins Water Front Jewels, Charlestown, Nevis under the guidance of CEO, Mrs Leticia Nisbett-Dore who is permanently based at SKY RE’s office and is readily accessible.
SKY RE M&A
SKY RE is acquired by Swiss based Insurance Group and renamed into SELECTA Insurance and Reinsurance Company (Caribbean) Limited.
SKY RE Expands Presence in Insuring Bangladeshi Banking Sector
SKY RE announced today that it has participated in the insurance program of AB Bank, Ltd. – Bangladesh’s first private sector bank.
SKY RE Enters into Treaty with Bhutan Reinsurer
SKY RE has entered into a treaty reinsurance arrangement with GIC-Bhutan Re – Bhutan’s first reinsurer.
SKY RE Participates in Insuring Global Conglomerate
SKY RE participates in insuring Hyosung Dong Nai Plant; a textile factory owned by Hyosung Vietnam Company, Ltd. and Hyosung Dong Nai Company, Ltd. Both entities are subsidiaries of Hyosung, a conglomerate based in Seoul, South Korea.
SKY RE Participates in Insuring Guru Nanak Hospital
SKY RE participates in insuring Guru Nanak Hospital; medical facility in Nairobi, Kenya.
SKY RE Participates in Insuring Major Oil Development Project
SKY RE participates in insuring an energy development project undertaken by Niger Delta Exploration and Production PLC.
KUBE Insurance & Reinsurance and Global Pacific Solutions abuse
We are in receipt of copies of documents purporting SKY RE Facultative and Treaty Ltd providing reinsurance protection to a French entity, KUBE Insurance & Reinsurance SAS. We would like to inform that SKY RE has not agreed to any contracts of any kind with KUBE Insurance & Reinsurance as up to date.
Annual license renewal 2016
Nevis Financial Services Regulatory Commission confirmed SKY RE 2016 license.
Digital signature system
Following GeoTrust®’s attestation, SKY RE has successfully implemented a digital signature system. Going forward, our clients will benefit greatly from our online contract verification system.
GeoTrust Extended Validation
Former Assistant Regulator in Nevis Ministry of Finance, Ms. Leticia Nisbett-Dore is appointed new CEO of SKY RE Facultative and Treaty Ltd.
Annual license renewal 2015
Nevis Financial Services Regulatory Commission confirmed SKY RE 2015 license.
Annual license renewal 2014
Nevis Financial Services Regulatory Commission confirmed SKY RE 2014 license.
Initial negotiations with funding companies regarding the establishment of a Reinsurance company.