Reinsurance

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Reinsurance

The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.

Reinsurance

An insurance policy for insurers. In reinsurance, one insurer cedes a portion of its portfolio of policyholders to another insurer in exchange for paying a fee. There exists the possibility that too many policyholders will make a claim and a single insurer will be unable to pay the benefit without ruining itself. This is especially true for disaster insurance and other similar policies. Reinsurance reduces this risk. It is also called stop-loss insurance.

reinsurance

see INSURANCE COMPANY.
References in periodicals archive ?
Because ULL provides an extensive array of Stop Loss Insurance coverage, including broad Stop Loss coverage for medical, prescription, dental and vision all under one policy and prescription only Stop Loss, removal of limits is a very significant change not only for ULL but also for their client Taft-Hartley Fund Plans, municipality customers and single employers.
companies, today announced it will offer Stop Loss insurance coverage to self-funded health insurance clients of the Principal Financial Group([R]).
Medical Stop Loss insurance protects self-funded health plans against excess medical expenses that can be incurred in the event of large claims against the policy.
We just finished our first year on a self-funded health plan with Swiss Re providing our stop loss insurance.
Through a network of program managers, Starr Global Accident & Health will underwrite employer stop loss insurance on behalf of the Chubb Group of Insurance Companies.
July, 2013 thru June, 2014) through Stop Loss Insurance Brokers
Ludt was a co-founder in Stop Loss Insurance Brokers Inc.
NYSE: HIG), one of the nation's largest financial services and insurance companies, announced today that it has reached a definitive agreement to sell its medical stop loss insurance business to National Benefit Resources, Inc.
Move Designed to Expand Medical Stop Loss Insurance Business
It fits perfectly with our history and reputation of taking a creative approach to underwriting medical stop loss insurance.
a leading Managing General Underwriter that specializes in the Employer Stop Loss insurance sector.
March 14 /PRNewswire/ -- Starr Global Accident & Health Insurance Agency, LLC, through a network of program managers, will underwrite employer stop loss insurance on behalf of the Chubb Group of Insurance Companies.