Reinsurance


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Reinsurance

The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.

Reinsurance

An insurance policy for insurers. In reinsurance, one insurer cedes a portion of its portfolio of policyholders to another insurer in exchange for paying a fee. There exists the possibility that too many policyholders will make a claim and a single insurer will be unable to pay the benefit without ruining itself. This is especially true for disaster insurance and other similar policies. Reinsurance reduces this risk. It is also called stop-loss insurance.

reinsurance

see INSURANCE COMPANY.
References in periodicals archive ?
Since joining MS Amlin in 2007, Beazley has undertaken senior roles within the London marine and reinsurance businesses, launched MS Amlin's operations in Singapore and acted as head of Global Clients and Strategy for MS Amlin's Reinsurance SBU.
Overall, the Top 10 reinsurance groups make up 68% of the total gross premium written in the Top 50 ranking, which reinforces AM Best's sentiment that the industry's largest reinsurers continue to house disproportionately sizable amounts of risk, despite cedants' efforts to diversify their reinsurance panels and spread out their counterparty risk.
Schaper has more than 30 years of insurance and reinsurance experience.
However, plans' incentives to manage spending above the catastrophic threshold are weak because reinsurance payments are not included in plan bids.
For his Part, Adel Mounir, the secretary general of the CAFederation of Afro Asian Insurers and Reinsurers (FAIR) explained to DNE that according to Egypt's studies, the market found that the establishment of a new Egyptian reinsurance company requires a capital of $200m, and that the company must be present in more than one country to obtain a credit rating.
The reinsurance credit risk charge calculation will be moved from the risk-based capital report into the new Part 3 and will include the reinsurer designation equivalent rating for each company which was previously only disclosed in the electronic file.
The sources further said that the reinsurance of both 2460MW power plants was primarily the right of NICL as per the reinsurance ordinance.
6, 2017, triggering the NFIP reinsurance placement.
Arch Capital Group Ltd., a Bermuda-based company with approximately $11.13 billion in capital at June 30, 2017, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
The company also considers its capital muscle, risk appetite, and assess the current market conditions before buying the reinsurance.
It indirectly confirms the huge outflow of foreign exchange for reinsurance purposes every year.
* The competitive landscape in the German reinsurance segment