Facultative reinsurance nearly always obliges reinsurers
to follow the claim settlements of the cedants.
have traditionally failed to achieve reliable earnings on a never-ending upward curve, making their shares unattractive to those looking for alpha, let alone beta, delta or lamda.
In fact, all subsequent reinsurance (retrocession) arrangements with foreign reinsurers
theoretically are subject to the FET.
bringing A-rated capacity and technical expertise to craft your program will not give you serious consideration if you plan to share their expertise among several markets.
Nagle said the dispute reflects a growing trend among reinsurers
to stall and force renegotiation of contracts after obtaining the contract by underpricing the potential losses.
should select a jurisdiction or arbitration regime that is experienced and competent.
reported underwriting losses in 2011, compared to nine in 2012.
in this relationship knows the risk engineering, underwriting and claims expertise that stand behind the primary company's book of business and has a high level of comfort with this insurer's approach.
A person otherwise required to remit the insurance excise tax on account of premiums paid to a foreign insurance or reinsurance company may consider the premiums exempt from the insurance excise tax under an income tax treaty if, before filing the return for the tax period, the person has knowledge that them was in effect for such period a closing agreement between the IRS and the foreign insurer or reinsurer
A less traditional option used by formalized self-insurance entities is for the risk manager and broker to meet with the reinsurer
Best Special Report, Healthy Earnings Mask Looming Challenges for Global Reinsurers
Bad faith to a reinsurer
often means being intentionally dishonest, which is an exceedingly high level of misconduct.