GLOBAL INSURANCE MARKETS

At Cromar, We Redefine Insurance

Our commitment to pioneering and innovative insurance products and solutions drives us to collaborate with industry leaders such as the Lloyd’s market, TOKIO MARINE EUROPE, AXA XL, ACCELERANT, and specialized providers like CFC Underwriting.

Through strategic Coverholder appointment agreements and strong partnerships, we harness the support of these reputable organizations to offer insurance products carefully tailored to the Greek market. Our dedication to high-quality service remains unwavering, extending from the initial inquiry through the entire lifecycle of your insurance coverage.

In addition to our distribution through Coverholder appointment agreements, Cromar takes on the role of an intermediary, forging key partnerships with specialized brokers in the London market. This strategic approach allows us to provide solutions for special risk categories.

Discover the difference with Cromar as we redefine insurance with innovative products and an unwavering commitment to excellence.

GLOBAL PARTNERSHIPS

With their support we provide insurance
products adapted to the Greek market.

No 1

The Lloyd’s market is the world’s leading insurance market, with specialist underwriting expertise.
Insurance placed with Lloyd’s is transferred to specialist syndicates who price and underwrite risks. The cooperation between syndicates, the expertise, the diversity of choice and the financial strength make Lloyd’s market the leading insurance platform in the world.
Lloyd’s underwriters (syndicates) rely on their experience and knowledge to assess and underwrite risks worldwide. Behind Lloyd’s market is Lloyd’s Corporation, which is not an insurer but an independent organization and market regulator that acts to protect and maintain the reputation of the market, and provides services, research and analysis that increase knowledge of the insurance industry.Market assessment by leading Independent Assessment Houses
The ratings of the Rating Houses shown in the table below relate to the financial soundness of the market and its ability to meet its current policy and contractual obligations.
The Lloyd’s market is rated by AM Best (A “excellent”), Standard & Poor’s (A+ “strong”) and Fitch (AA- “very strong”).
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Lloyd’s Insurance Company SA

Due to the United Kingdom’s withdrawal from the European Union, the insurance company Lloyd’s Insurance Company SA was created based in Brussels, which is a 100% subsidiary of Lloyd’s market, it has the same rating as Lloyd’s market and its supervisory authority is the Central Bank of Belgium.
The rating of Lloyd’s Insurance Company SA is the same as Lloyd’s market rating which enjoys a rating from AM Best (A “excellent”), from Standard & Poor’s (A+ “strong”) and from Fitch (AA- “very strong” ).
Lloyd’s Insurance Company SA is licensed to undertake general insurance business in the European Union.

No 2

After a successful 20-year partnership with the Tokio Marine Kiln syndicate of Lloyd’s market, part of the Tokio Marine Group, Cromar, always seeking to offer its customers more quality insurance product solutions, cooperates with Tokio Marine Europe SA. to provide Marine Insurance products. With this collaboration, Cromar will continue to offer the insured products of high reliability & solvency at competitive costs and the same insurance procedures.

Who is Tokio Marine Europe SA?

The insurance company Tokio Marine Europe SA (company number B221975) is an insurance company based in Luxembourg.

Which body supervises Tokio Marine Europe SA?

The insurance company Tokio Marine Europe SA is supervised by the Central Bank of Luxembourg.

What is Tokio Marine Europe SA’s Credit Rating?

Tokio Marine Europe SA enjoys a rating from AM Best (A++ “superior”), from Standard & Poor’s (A+ “strong”) and from Fitch (AA- “very strong”).

Who is the shareholder of Tokio Marine Europe SA?

Tokio Marine Europe SA, is a subsidiary of Tokio Marine Group, which was founded in 1879 and has a capitalization of $38.5 million dollars (31/12/2020). Tokio Marine Group consists of 267 subsidiary companies that operate worldwide in the various insurance sectors.

In which markets does it operate?

Tokio Marine Europe SA is licensed to undertake general insurance business in the European Union.

No 3

Cromar, aiming to offer its customers more solutions of quality insurance products, cooperates for the provision of Professional Liability insurance products with XL Insurance Company SE, a subsidiary of AXA XL.

Who is XL Insurance Company SE?

XL Insurance Company SE is a European Insurance Company headquartered in Ireland (Address: 8, St. Stephen’s Green, Dublin 2, D02 VK30, Ireland).

Which body supervises XL Insurance Company SE?

XL Insurance Company SE is regulated by the Central Bank of Ireland.

What is XL Insurance Company SE’s Credit Rating?

XL Insurance Company SE carries a high Credit Rating “A” Excellent (very strong) from the A.M. Best Rating House.

Who is the shareholder of XL Insurance Company SE?

XL Insurance Company SE is a 100% subsidiary of AXA XL (In the UK, AXA XL holds XL Catlin Insurance Company and Lloyd’s 2003 and 3002 Syndicates).

In which markets does it operate?

XL Insurance Company SE is licensed to undertake general insurance business in the European Union.

No 4

Cromar, wanting to offer its customers specialized insurance products such as: tech insurance, cyber insurance, media insurance, insurance for companies providing digital health services, FinTech companies, intellectual property insurance, cooperates with the company CFC Underwriting.