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 ?
The Personal Lines Quota Share Treaty lowered the company's ceding percentage to 20% and the new treaty is again on a "net" of catastrophe reinsurance basis, as KICO secures all catastrophe reinsurance coverage directly, outside of the quota share arrangement.
2 percent from the third quarter last year due to nonrenewal of a crop quota share treaty, reductions in volume on exposures in North America, and a decrease in property treaties in Latin America.
Through a highly personalized and aggressive brokering effort, he executed a quota share treaty with broad-based reinsurer support.
Under a quota share treaty, the reinsurer participates in a fixed percentage of the premiums and losses of the ceding company.
Second, the execution of quota share treaties between Majestic and third party reinsurers resulted in Majestic ceding 47% of earned premiums effective July 1, 2009, as compared to Majestic ceding 40% under a quota share treaty that was in place in the third quarter of 2008.
Best's concern that surplus remains vulnerable to natural and man made catastrophe losses, despite being somewhat mitigated by a new 25% quota share treaty in Triangle's retention layer.
Best expects this capital to be progressively released in the coming years, as the intention of the group is to reduce the 40% quota share treaty over time.
The recent increase of ZFS' quota share treaty with Farmers Exchange (FE) could have a negative effect on the overall underwriting performance for the full year due to a higher combined ratio compared to the group.
Sirius's gross premiums written increased by 49% in 2006 due to the introduction of a new intra-group motor quota share treaty, while in 2007 premiums are expected to decrease by 12% to SEK 6.
This release contains statements that may be considered "forward looking statements" regarding our quota share treaty with Assured.
CICL provides explicit support to Catlin UK in the form of a 60% quota share treaty.
Ocean marine net premiums written and net premiums earned in 2006 reflected cessions of energy premium under an 80% quota share treaty.