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 ?
One of the clear strengths of Reinsuring Health is its description of how the population of Americans without health care in 1979 is radically different from the uninsured population today.
The market for reinsuring guarantees remains tight, says Ari Lindner, senior vice president and chief life officer with Ace Tempest Life Reinsurance Ltd.
Reinsuring in-force business is a strategy adopted by demutualizing companies to more accurately project earnings, he said.
renamed Cragwood Managers LLC, was the managing general underwriter in reinsuring the business on behalf of several reinsurers in a pool.
brokering, insuring or reinsuring a property insurance policy written for an international hotel chain that covers hotels in targeted countries; and
Under the terms of the acquisition, The Omaha Indemnity Company (OIC), an affiliate of Mutual of Omaha, has agreed to assume all obligations of OPAC prior to its acquisition by Beazley including reinsuring OPAC's historical business on a 100% quota share basis.
The claims in question stem from a period during which Lloyd's was reinsuring companies that manufactured or otherwise used asbestos in ways that exposed employees to its ill effects.
The companies that constitute the current Radian Asset have been reinsuring trade credit and surety transactions since 1989.
Raising external capital, reinsuring various lines of business, and selling certain lines of business are included among these strategic options.
In addition to issuing and reinsuring provider excess loss insurance, First Standard has entered into reinsurance treaties with Standard Security Life Insurance Company of New York ("Standard Security"), rated A (Excellent) by Best, and Madison National Life Insurance Company, Inc.
NANI will facilitate the expansion of the group's insurance products and services outside of California by reinsuring the business of its affiliate, ANI-RRG.