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MAI CEE is partnered to MAI-Re: formerly part of the MAI CEE group of companies, MAI-Re is now an independent company owned by Hugo Barker.
The differing rate of social and economic development across the CEE region means that many local carriers are now underwriting a much wider group of large and complex risks, particularly in property and casualty.
MAI-Re enjoys excellent relationships with the world’s leading global reinsurers and markets, and has been working with local Insurers across the region since the mid-1990s building reinsurance programmes for their portfolios, especially motor and property, as well as providing single risk reinsurance solutions for their larger risks.
MAI-Re develops managed treaty reinsurance programmes for local insurers across the CEE region with specialists such as Munich Re, Swiss Re, SCOR, and Hanover Re.
MAI-Re also places single risk (Facultative) reinsurances and works closely with the London markets for specific risks, and especially for single risks in the following areas:
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Hugo moved to Riga in 1994, and has lived in CEE for 18 years with his wife and four sons. He started his insurance career as a Lloyds Broker in 1986, and spent eight years developing reinsurance from European Insurance Companies. In 1995 he founded an reinsurance broker in Latvia called ‘BRB Ltd’ which developed reinsurance from Baltic Insurance Companies form 1995-1999.
In 1999 BRB merged with MAI CEE in 2001, and Hugo joined forces with the then CEO to develop a retail network of Insurance Broking offices in CEE. Between 2001 and 2012 they expanded the MAI office network to 13 countries in CEE creating the leading private-owned regional Broker that MAI CEE now is, and spending many days travelling round CEE countries in the process. In 2014 Hugo decided to focus on different areas of business and to expand into Africa, and for these reasons he purchased MAI-Re.
Since 2009, he has focused on managing MAI-Re, which is the reinsurance broker of MAI CEE and develops reinsurance and wholesale solutions for MAI offices and CEE insurance Companies as well as solutions for companies outside of the region.
MAI-Re now places treaty reinsurance for Insurers in 12 CEE countries, and it also looks after many larger non-standard insurance cases, especially Oil and Gas, Marine and Aviation and PI/D&O risks.
Building II, 2nd Entrance
31 Cesu Street
Tel; + 371 67313 433
Mob; +371 29 204 431
Fax: + 371 67273 566