With the aim of improving financial insurance and surety business...
Arti Reinsurance Incorp. (ex-Halk Reinsurance) was established in 1980 and has played a strong role in the country’s non-life insurance market until 99.20% shares were acquired by Armagan Caliskanalp in 2006 as a result of the founder holding's sectoral exit strategy.
Arti Re has been cleared from all past responsibilities to work only on surety and financial insurance. Arti Re currently aims to improve its equity capital in order to implement the business plan that will develop the surety market in Turkey and abroad.
What We Do?
Arti Re team is able to perform all technical studies and coordination in the field of surety and financial insurance. In this context, the team provides the following services to solution partners and surety customers:
-Analysis of contractor’s financial statements, business plan and the risks of contracts between owner, contractor, JV, lender.
-Reporting of contractual risks and then periodical progress reporting to all interested parties.
-Wording of facility agreements and bonds due to the project risks.
-Placement from re/insurance companies, banks and/or other financial companies according to the status of the parties and the contract.
-Coordination of issuing the bonds for the project.
-Management of assets given as collateral.
-Communication with the contractor throughout the year.
-Inspection by periodic site visits to prepare status report showing how the company has achieved its objectives.
Team Key Facts
Experience on Guarantees | since 1991
Served to | 600 Projects | USD 34B Total Contract Value
Guarantees | USD 9.5B Total Bond Value