Ultimate Net Loss


Also found in: Acronyms.

Ultimate Net Loss

The amount an insurance company pays on a claim after recouping some of its cost from reinsurance and other sources (but not premiums).
References in periodicals archive ?
Retained limit, self-insured retention, ultimate net loss, underlying insurance, and underlying insurer are terms that are also defined and that mark the policy as an umbrella coverage form.
According to the insured, because the limit of liability section referred to ultimate net loss, and since ultimate net loss included defense costs, the insured could count defense costs as part of the primary policy's limit of liability.
The catastrophe bond utilizes an indemnity trigger structure based on the Ultimate Net Loss of the NC JUA/IUA in the event of a hurricane.
First-Ever State Windpool Cat Bond Transaction Provides Per-Occurrence Ultimate Net Loss Protection for North Carolina Hurricane Peril
The agreement, effective January 1, 2009, calls for American Physicians to indemnify ICA for the ultimate net loss in excess of ICA's recorded reserves as of December 31, 2008.
The reinsurance attachment point, exhaustion point and retrocession percentage for each class of notes will be recalculated periodically during the annual risk period and after any loss event where the applicable estimated ultimate net loss is equal to or greater than 90% of the attachment point.
Fitch also notes that in the past, major insurance losses have spurred significant increases in insurance prices, which PXRE could be in a position to capitalize on, depending on the capital raised and ultimate net loss from Katrina.
Full browser ?