The 10% personal lines quota share treaty
has been discontinued on a run-off basis effective July 1, 2019.
FNIC also renewed its quota share treaty
through June 30, 2020, which excludes named storms, for another twelve months at terms similar to those in effect for the treaty year ending June 30, 2019.
If 1,000 investors are interested in the risk profile represented by the quota share treaty
, Extraordinary Re would create 1,000 shares of LICs, with each share receiving one-one-thousandth of the premiums and paying one-one-thousandth of the losses.
The Personal Lines Quota Share Treaty
lowered the company's ceding percentage to 20% and the new treaty is again on a "net" of catastrophe reinsurance basis, as KICO secures all catastrophe reinsurance coverage directly, outside of the quota share arrangement.
Reinsurance GPW fell 16.2 percent from the third quarter last year due to nonrenewal of a crop quota share treaty
, reductions in volume on exposures in North America, and a decrease in property treaties in Latin America.
Through a highly personalized and aggressive brokering effort, he executed a quota share treaty
with broad-based reinsurer support.
Under a quota share treaty
, the reinsurer participates in a fixed percentage of the premiums and losses of the ceding company.