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Reinsurance
(redirected from reinsurances)

    Also found in: Dictionary/thesaurus, Medical, Legal 0.01 sec.
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.
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A recent report by the Reinsurances Offices Association said, "Even a cursory glance at some of the basic principles of reinsurance reveals the concern that ought to exist about the greenhouse scenario.
Storm warnings: climate change hits the insurance industry by Flavin, Christopher / World Watch
Praetorian reinsures a significant portion of its book to QBE's captive reinsurer, Equator Reinsurances Limited.
A.M. Best Affirms Ratings of Praetorian Financial Group by Business Wire
In 2003, reinsurances of CUAL managed syndicates are expected to account for approximately 78% of estimated gross written premium.
A.M. Best Affirms Rating of Catlin Insurance Company Limited by Business Wire
 
 
 
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