Reinsurance

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Related to reinsured: Quota Share Reinsurance, Reinsurance companies, Quota Share Treaty

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 ?
More than half of the recurring in-force, 52%, is reinsured on a coinsurance basis.
Since this transaction was announced in October last year we have had very extensive contacts with Reinsured Names, not least at the meetings with them held in Edinburgh, Manchester and London at the end of January.
To be eligible for any payment due, Reinsured Names must confirm details of their address to Equitas on a form which has also been sent to them with the information document.
Factors which could cause actual results to differ from expectations include, but are not limited to those risks identified in the Company's public filings made with the Securities and Exchange Commission, the approval of the DOI of the executed documents, the capital support of the Company's future growth, any limitations of liability contained in the New Agreement and the Company's ability and determination to recapture the reinsured policies in the future.
It's a product enhancement for them--it drops a little bit of guaranteed income to their bottom and top lines without any risk of loss because it's 100% reinsured," Schraeder said.
and a $150 million performance bond where $5 million is taken by the Mexican surety market and the remaining $145 million reinsured outside of the country.
Personal property risks are principally reinsured through a 60 percent quota share program.
5 million term life insurance policies with guaranteed level premium periods reinsured by RGA Reinsurance Company, a U.
A PORC has historically defined a captive that reinsures risk of another insurance company with the owner of the PORC producing the insurance risk that is reinsured into its captive.
By retroceding its exposure to international reinsurers, Capital Re diversifies the risk concentration of the industry and its own reinsured portfolio.