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 ?

Calliden Insurance Limited has signed an agreement with Western Australian Government for a quota share reinsurance arrangement to provide home indemnity insurance.

Australia : CALLIDEN Insurance signs DEAL with Western Australian Government

The ratings reflect the explicit support provided by its parent, CastlePoint Insurance Company, in the form of a 90 percent quota share reinsurance agreement.

Rating assigned to CFIC

Existing and new quota share reinsurance placements will assure necessary commonality of interests among insurer and reinsurer and thus provide greater transparency of capital commitments for mortgage guaranty insurance buyers, regulators, rating agencies, and investors.

Old Republic and Its RMIC Mortgage Guaranty Subsidiary Announce Changes in Captive Reinsurance Programs

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.

The hallmark of technology: RenaissanceRe stands out among reinsurers for its innovative use of technology in underwriting, particularly when it involves catastrophe modeling

These ratings also reflect the solid levels of capital maintained by Balboa during this business transition period as well as the quota share reinsurance in place with QBE during this transition period.

A.M. Best Affirms Ratings of Balboa Insurance Company and Its Subsidiaries

The gross loss is reduced by recoveries from a 50% property quota share reinsurance agreement, the Florida Hurricane Catastrophe Fund, and the Company's catastrophe excess of loss reinsurance program to a total net loss, after reinsurance, of between $45.

Vesta Insurance Provides Preliminary Loss Estimates for Hurricanes Ivan And Jeanne

AXA Insurance Company also provides 60% quota share reinsurance coverage for AXA Art to better utilize its capital.

A.M. Best Affirms Ratings of U.S. Subsidiaries of AXA S.A

Explicit support includes high level quota share reinsurance arrangements and contingent capital support.

S&P Rates ACE European Re and Subsidiary 'A+'

and primary insurance and quota share reinsurance, written through the operating subsidiaries of RenRe Insurance Holdings Ltd.

RenaissanceRe to Participate in the Bank of America Merrill Lynch Insurance Investor Conference

Additionally, Golden Eagle entered into a quota share reinsurance agreement with Cologne Reinsurance Company Ltd.

A.M. BEST UPGRADES GOLDEN EAGLE INSURANCE, RELEASES SCPIE FROM UNDER REVIEW

This operating support is demonstrated by a 100% quota share reinsurance contract with AIC for its countrywide business, excluding Florida, although North Light does not currently write business in Florida.

A.M. Best Affirms Ratings of North Light Specialty Insurance Company

On September 26, 1994, AIG signed a letter of intent with 20th Century whereby AIG will provide $200 million of capital, a $70 million standby commitment for additional capital and quota share reinsurance.