DISCLAIMER & CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATIONS

 

Who Regulates Us

GLOBAL RE OVERSEAS Ltd (GRO) is a reinsurance company authorised by the Financial Services Regulation and Supervision Department - Office of the Registrar of International Insurance, having the Commercial Registration No: I 57722. According with the Licence granted by the supervisory authority, the GRO is authorised to carries out reinsurance activity in accordance with the Nevis International Insurance Ordinance Cap 7.07.

Accuracy of Information:

The information provided on this website is for general informational purposes only.

While the GRO’s endeavours to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. The content provided by the Company web-site is for informational purposes only and is not intended as professional reinsurance or insurance advice. Before making any decision or taking any action that might affect your finances or your business, you should consult a qualified professional advisor.

Certain information’s and illustrations contained herein are forward-looking, that are typically identified by words or phrases such as “anticipate”, “assume”, “believe”, “continue”, “estimate”, “expect”, “foresee”, “intend”, “may increase”, “may fluctuate” and similar expressions, or by future or conditional verbs such as “will”, “should”, “would” and “could”. These forward-looking information’s involve known and unknown risks, uncertainties and other factors, which may cause the GRO actual results of operations, financial condition, solvency ratios, capital or liquidity positions or prospects to be materially different from any future results of operations, financial condition, solvency ratios, capital or liquidity positions or prospects expressed or implied by such information’s or cause the Company to not achieve its published targets. Such factors include, among others:    

  • the frequency, severity and development of insured claim events, particularly natural catastrophes, man-made disasters, pandemics, acts of terrorism or acts of war;
  • mortality, morbidity and longevity experience;
  • the cyclicality of the reinsurance sector;
  • central bank intervention in the financial markets, trade wars or other protectionist measures relating to international trade arrangements, adverse geopolitical events, domestic political upheavals or other developments that adversely impact global economic conditions;
  • increased volatility of, and/or disruption in, global capital and credit markets;
  • changes in legislation and regulation, or the interpretations thereof by regulators and courts, affecting the Company or its ceding companies, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global operations;
  • uncertainties in estimating reserves, including differences between actual claims experience and underwriting and reserving assumptions;
  • policy renewal and lapse rates;
  • uncertainties in estimating future claims for purposes of financial reporting, particularly with respect to large natural catastrophes and certain large man-made losses, as significant uncertainties may be involved in estimating losses from such events and preliminary estimates may be subject to change as new information becomes available;
  • legal actions or regulatory investigations or actions, including in respect of industry requirements or business conduct rules of general applicability;
  • the outcome of tax audits, the ability to realise tax loss carry forwards and the ability to realise deferred tax assets (including by reason of the mix of earnings in a jurisdiction or deemed change of control), which could negatively impact future earnings, and the overall impact of changes in tax regimes on the Company business model;
  • strengthening or weakening of foreign currencies;
  • reforms of, or other potential changes to, benchmark reference rates;
  • significant investments, acquisitions or dispositions, and any delays, unforeseen liabilities or other costs, lower-than-expected benefits, impairments, ratings action or other issues experienced in connection with any such transactions;
  • changing levels of competition;
  • the effects of business disruption due to terrorist attacks, cyberattacks, natural catastrophes, public health emergencies, hostilities or other events;
  • operational factors, including the efficacy of risk management and other internal procedures in anticipating and managing the foregoing risks.

These factors are not exhaustive.

The GRO Company operates in a continually changing environment and new risks emerge continually. Readers are cautioned not to place undue reliance on forward-looking information’s that are mentioned on the web-site. The GRO Company undertakes no obligation to publicly revise or update any forward-looking information’s, whether as a result of new information, future events or otherwise.  

Limitation of Liability:

The GRO Company shall not be liable for any direct, indirect, incidental, consequential, or exemplary damages, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses (even if GRO has been advised of the possibility of such damages), resulting from or arising out of the use or inability to use this website.  

Trademarks

The GRO Company's names and logo, as presented on the website, are internationally protected registered trademarks. All other company names, logos, and product names appearing on the Company's website may be the registered trademarks of their respective owners. The content, layout, design, data, databases, and graphics on this website are protected by Nevis and international intellectual property laws. The content is owned by the GRO Company, unless otherwise indicated. Unauthorized use of this content without express written permission is prohibited.  

Disclaimer and Reservation of Right of Modification

While the GRO Company has exercised its discretion, best judgment, and every reasonable effort in compiling the information and components contained on this website, it cannot be held liable for the completeness, correctness, topicality, timeliness, or technical accuracy of any information contained herein. Similarly, the GRO Company cannot be held liable for any loss or damage caused by computer viruses when users retrieve or download data from this website. The Company reserves the right to modify or supplement the information and components on this website without prior notice. 

External Links:

Clicking on certain hyperlinks on the GRO Company's website allows you to leave the Company's site. The linked sites are not under the control or influence of the GRO Company, and therefore, it’s not responsible for the content, nature, design, or availability of those sites. Consequently, the Company shall not be liable for any material on offsite linked sites or for any links contained within a linked site. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them. 

Changes and Amendments:

The Company reserves the right to amend or update the information and contents of this website without prior notice. We encourage users to regularly review the disclaimer and other legal documents to be informed of any updates.

Governing Law:

This disclaimer notice, as well as the use of this website, are governed by the laws of Nevis. Any disputes arising from or related to this website or its use shall fall under the jurisdiction of the courts of Nevis.

For any questions or concerns regarding this disclaimer, please contact us at [email protected]