Quota Share Reinsurance

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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 ?
The ratings of Jefferson reflect enhancement due to explicit support from AGAI SA in the form of an 80% quota share reinsurance treaty.
KICO's quota share reinsurance treaty, which expired June 30, 2011, contained a provision which limited the maximum contingent ceding commission that could be paid to KICO, with the unused benefit carried forward to the current treaty year which began July 1, 2011.
The expiration of a large quota share reinsurance treaty is expected to provide an opportunity to transfer more Allianz group business to ART, including reinsurance written for other group companies.
The stable outlook reflects FAIR's solid capitalization and the explicit parental support from a 65% quota share reinsurance treaty, with the added security of an adverse development cover (ADC) put in place for 2009 alongside the Flagstone Re group guarantee.
Personal Auto business and the increase of its quota share reinsurance treaty with the Farmers Exchanges from 25% to 40%.
More explicitly, West Bend's support is particularly evident by its assumption of 75% of MIC's business through a quota share reinsurance treaty.
The ratings of the Jefferson Insurance Company reflect the full rating enhancement from the explicit support of MAIAG in the form of a 90% quota share reinsurance treaty with MAIAG.
RAM Re), has entered into a quota share reinsurance treaty with Assured Guaranty Corp.
Custom is well capitalized for anticipated underwriting commitments, with significant support provided by GNY Mutual through a 90% quota share reinsurance treaty, whereby Custom will cede 100% of its gross premiums, losses and expenses to GNY Mutual.
The rating is based on the explicit operating and balance sheet support provided by RVI Guaranty through a quota share reinsurance treaty under which RVI Guaranty reinsures 85% of risks written by RVI National.
The ratings were placed under review on June 16, 2006 following White Mountains' announcement that Folksamerica Re increased its gross loss estimates for hurricanes Katrina, Rita and Wilma by $203 million, net of reinstatement premiums, and that White Mountains would reimburse Olympus for up to $137 million of the related losses ceded to Olympus under Folksamerica Re's quota share reinsurance treaty with Olympus.