Ultimate Net Loss


Also found in: Acronyms.

Ultimate Net Loss

The amount an insurance company pays on a claim after recouping some of its cost from reinsurance and other sources (but not premiums).
References in periodicals archive ?
and David Eklund, the former President and Chief Underwriting Officer of Renaissance Re, provides fully collateralized property catastrophe protection to insurers and reinsurers on both an ultimate net loss and industry loss warranty basis.
The company, founded by Peter Appel and David Eklund, provides fully collateralized property catastrophe protection to insurers and reinsurers on both an ultimate net loss and industry loss warranty basis.
The catastrophe bond utilizes an indemnity trigger structure based on the Ultimate Net Loss of the NC JUA/IUA in the event of a hurricane.
First-Ever State Windpool Cat Bond Transaction Provides Per-Occurrence Ultimate Net Loss Protection for North Carolina Hurricane Peril
The agreement, effective January 1, 2009, calls for American Physicians to indemnify ICA for the ultimate net loss in excess of ICA's recorded reserves as of December 31, 2008.
The reinsurance attachment point, exhaustion point and retrocession percentage for each class of notes will be recalculated periodically during the annual risk period and after any loss event where the applicable estimated ultimate net loss is equal to or greater than 90% of the attachment point.
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