[vc_row][vc_column][block_title style=”column_title” title=”Who we are” second_title=”Learn more about us”][\/block_title][vc_column_text]Garanti RE is a \u2026\u2026\u2026\u2026\u2026\u2026\u2026. company registered in \u2026\u2026\u2026\u2026\u2026\u2026\u2026., having a capital of \u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/p>\n
Garanti RE provides reinsurance protection to insurance companies in the following world areas: \u2026\u2026\u2026\u2026\u2026\u2026\u2026.. We offer reinsurance solutions in the form of annual Treaties on proportional and non-proportional basis.<\/p>\n
Our reinsurance products are available for the following classes: Oil & Energy \u2013 onshore and offshore, Alternative Energy, Property, Power, Affinity, Cyber, Travel, and Life & Health.<\/p>\n
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Vision, Mission, Values<\/strong><\/p>\n Our vision at Garanti RE is to become a leading provider of reinsurance to help make the world more resilient.<\/p>\n Our distinct mission is defined by innovation in providing reinsurance solutions and excellent support services in order to power sustainable progress for the benefit of our clients and society.<\/p>\n We have built our business based on the following core values, which reflect how we conduct our operations, communicate and grow: Trust, Agility, Team Spirit.<\/p>\n <\/p>\n Corporate Social Responsibility<\/strong><\/p>\n Garanti RE has developed a Corporate Social Responsibility programme to support its initiatives aimed at building a better future for next generations.<\/p>\n Internally, Garanti RE has implemented a Document Management System to move towards a mostly paperless workplace. In addition, our company has put in place an extensive recycling system.<\/p>\n <\/p>\n Corporate Governance<\/strong><\/p>\n Board of Directors<\/strong><\/a><\/p>\n The Board of Directors is in charge of setting the long-term goals of the company, within the legal framework and standards. The Board is dedicated to enabling the company to support its clients in staying ahead of emerging risks in a complex world.<\/p>\n (Names)\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n \u00a0<\/strong><\/p>\n Board Committees<\/strong><\/p>\n The oversight committees, Audit\u00a0& Risk and Nomination, Remuneration & Corporate Governance, supervise the conduct of the organisation in relation to its management.<\/p>\n \u00a0<\/strong><\/p>\n Audit & Risk Committee<\/strong><\/p>\n (Names)\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n The Audit & Risk Committee\u2019s main role is to assist the Board of Directors in its oversight responsibilities regarding financial reporting, audit, internal control, risk management. The Audit & Risk Committee is also responsible for monitoring the company\u2019s compliance with applicable laws and regulations and with the code of conduct.<\/p>\n The Committee fulfils the following responsibilities:<\/p>\n <\/p>\n Nomination, Remuneration & Corporate Governance Committee<\/strong><\/p>\n (Names)\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/strong><\/p>\n The Nomination, Remuneration & Corporate Governance Committee has the following functions:<\/p>\n <\/p>\n Enterprise Risk Management <\/strong><\/p>\n At Garanti RE, we consider risk management fundamental for conducting our business and protecting stakeholders\u2019 value. For this purpose, we have developed a comprehensive Risk Management Policy within an Enterprise Risk Management (ERM) framework that is embedded across all operations.<\/p>\n The ERM framework is meant to support the achievement of our strategic and operational objectives, in alignment with the corporate vision, mission, values, processes, and governance.<\/p>\n <\/p>\n Risk Management Strategy<\/strong><\/p>\n Our Risk Management Strategy consists of the following elements: <\/p>\n Compliance<\/strong><\/p>\n The Compliance Officer ensures compliance with the relevant requirements set by the Central Bank of \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026. or established by other regulators to which Garanti RE is subject.<\/p>\n The Compliance Officer is approved by the Central Bank of \u2026\u2026\u2026\u2026\u2026\u2026. and has unrestricted access to Garanti RE’s records and ultimate recourse to the Board of Directors and Executives.<\/p>\n Garanti RE is committed to the highest professional standards and adherence to all applicable regulatory requirements from financial supervisory bodies.<\/p>\n The Compliance Officer also ensures Garanti RE follows the policies and guidelines set out in the Anti-Money Laundering Manual and in the Financial Crime Module of the Insurance Rulebook as issued by the Central Bank of \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.<\/p>\n <\/p>\n Our People\u00a0<\/strong><\/p>\n Executive Team<\/a><\/p>\n Management Team<\/a><\/p>\n\n
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\n\u2022 Established limits for levels of risk taking;
\n\u2022 Risk governance structure with defined accountabilities;<\/p>\n\n
\n\u2022 Internal control framework, which incorporates implementation of risk mitigation strategies and development of corporate policies and procedures;<\/li>\n