Quota Share Reinsurance

Quota Share Reinsurance

An agreement between an insurer and a reinsurer whereby the reinsurer pays an agreed-upon percentage of all losses the insurer sustains, regardless of type. The insurer compensates the reinsurer for this agreement.
References in periodicals archive ?
its principal mortgage insurance subsidiary, under the Private Mortgage Insurer Eligibility Requirements: Radian Guaranty has agreed with its reinsurance providers to increase the cession of business for its first single-premium MI quota share reinsurance arrangement, which was entered into in 2016.
Aspen will receive rights to provide quota share reinsurance capacity, in proportion to its shareholding of Crop Re, on the combined crop insurance portfolios of AgriLogic and CGB DS.
The company said that this agreement was signed with a syndicate of re-insurers covering property business, underwritten by its personal insurance and business insurance segments and replaces the State Auto Group's earlier home owner quota share reinsurance agreement in place for the last three years, which ended on 31 December 2014.
Calliden Insurance Limited has signed an agreement with Western Australian Government for a quota share reinsurance arrangement to provide home indemnity insurance.
26 billion--primarily driven by a large Florida quota share reinsurance contract.
In addition, WR Berkley implemented a change in reinsurance whereby BIC currently supports Berkley National through quota share reinsurance, replacing BRIC.
The ratings reflect the explicit support provided by its parent, CastlePoint Insurance Company, in the form of a 90 percent quota share reinsurance agreement.
and DaVinci Reinsurance Ltd; specialty reinsurance, which includes all lines of reinsurance written by RenaissanceRe other than property-catastrophe reinsurance; and individual risk business, which includes primary insurance and quota share reinsurance.