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Reinsurance
(redirected from Facultative reinsurance)

   Also found in: Medical, Legal, Wikipedia 0.04 sec.
Reinsurance
The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.


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NEW YORK -- Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), today announced two key appointments to GCFac([R]), its dedicated facultative reinsurance unit.
nbsp;Reinsurance: Facultative reinsurance policies are increasing as insurers find it difficult to place certain risks within their treaty policies.
is a leading worldwide underwriter of property and casualty treaty and facultative reinsurance, as well as specialty insurance.
 
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