Quota Share Reinsurance

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Quota Share Reinsurance

An agreement between an insurer and a reinsurer whereby the reinsurer pays an agreed-upon percentage of all losses the insurer sustains, regardless of type. The insurer compensates the reinsurer for this agreement.
References in periodicals archive ?
3 million to the quarter's net written premium, and the reduction in the percentage of gross written premium ceded under its quota share reinsurance treaties to 10% on business written in 2005 from 50% in 2004 added an additional $68.
has withdrawn the financial strength rating (FSR) of B++ (Good) and issuer credit rating (ICR) of "bbb+" of ARI Casualty Company (ARI Casualty), due to The New Jersey Department of Banking and Insurance's recent approval of the termination of the quota share reinsurance treaties and an assumption reinsurance agreement with its 100% owner, ARI Mutual Insurance Company (ARI Mutual).
Much of the ceded reinsurance leverage is derived from business written on a fronted basis with 100% quota share reinsurance treaties with captives of PPIC shareholders.