Currently, only 3 percent of owners use their captives to reinsure
The DOL softened its stance when it granted the exemption for Columbia, which allowed Columbia to reinsure
its long-term disability program, underwritten at the time by Employers Insurance Co.
Agents and brokers reinsure
a portion of their book of business into a captive with the goal of capitalizing on good results.
It should be remembered that participating as a reinsurer exposes the producer to underwriting risk that would not exist without an insurance company, captive or PORC to reinsure
Under terms of the agreement, Prudential would be able to reinsure
new policies written by yoei.
The rating applies to Republic Vanguard Reinsurance Company, Republic Insurance Company and its five affiliates that reinsure
with the Republic Insurance Company.
The notes, which reinsure
Gerling Global, are based on a "notional portfolio" that allows Gerling Global to update its exposure semiannually, the company said.
NASDAQ: AMIC) today announced that, effective January 1, 2005, Independence American Insurance Company will reinsure
additional medical stop-loss business on certain programs issued by Standard Security Life Insurance Company of New York and Madison National Life Insurance Company, Inc.