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Topic: Reinsurance

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	Reinsurance Focus
		The relationship between reinsurer and reinsured does not implicate the same concerns since reinsureds are sophisticated business entities and, in obtaining reinsurance coverage, are merely seeking the commercial advantage of writing more policies than their reserves would otherwise sustain.
		A reinsurance broker unsuccessfully sought an interlocutory appeal from a federal district court’s denial of its motion for summary judgment.
		It was alleged that the broker presented material misinformation to an Italian reinsurer that induced the reinsurer to reinsure various property and casualty risks in the United States.
	www.reinsurancefocus.com (3735 words)

	Glossary of Reinsurance Terms
		Reinsurance is “non-admitted” when placed in a non-admitted company and therefore may not be treated as an asset against reinsured losses or unearned premium reserves for insurance company accounting and statement purposes.
		Reinsurance - The practice whereby one party called the Reinsurer in consideration of a premium paid to him agrees to indemnify another party, called the Reinsured, for part or all of the liability assumed by the latter party under a policy or policies of insurance which it has issued.
		A fire or casualty insurer or reinsurer must carry a reserve against all unearned premiums as a liability in its financial statement, for if the policy should be canceled, the company would have to pay back the unearned part of the original premium.
	www.captive.com /service/signetstar/GlosRein.html (3182 words)

	III - Reinsurance
		The principal value of reinsurance to a ceding company (the purchaser of reinsurance) for regulatory purposes is the recognition on the ceding company's financial statement of a reduction in its liabilities in terms of two accounts: its unearned premium reserve and its loss reserve.
		Related to solvency is the issue of reinsurance "recoverables, payments due from the reinsurer." In the mid-1980s, some reinsurance companies that had entered the reinsurance business during the period of high interest rates in the early 1980s left the market, due to insolvency or other problems.
		These are relatively simple agreements that allow a reinsurer to transfer to another reinsurer or group of investors, such as hedge funds, a limited and specific risk, such as the risk of an earthquake or hurricane in a given geographic area over a specific period of time.
	www.iii.org /media/hottopics/insurance/reinsurance (4392 words)

	Reinsurance - Wikipedia, the free encyclopedia
		Reinsurance’s highly refined uses in recent years include applications where reinsurance was used as part of a carefully planned hedge strategy.
		Facultative reinsurance is usually purchased by the insurance underwriter who underwrote the original insurance policy, whereas treaty reinsurance is typically purchased by a senior executive at the insurance company.
		This is a genuine concern when purchasing reinsurance from a reinsurer that is not domiciled in the same country as the insurer.
	en.wikipedia.org /wiki/Reinsurance (1570 words)

	SCI State Coverage Matrix Glossary: Reinsurance
		A reinsurance program can be used to reduce premiums by shifting some of the expenses for high-cost enrollees to a third party (e.g., a reinsurance carrier, a reinsurance pool, the state).
		The pool is funded by reinsurance premiums paid by carriers that cede risk into the pool, and augmented with an annual assessment paid by carriers based on their small group market share.
		The Healthy New York Program is a state-subsidized reinsurance mechanism that reimburses health plans for 90 percent of claims paid between $5,000 and $75,000 on behalf of a member in a calendar year.
	www.statecoverage.net /matrix/reinsurance.htm (1298 words)

	- Anonymous
		The Reinsurance Association of America is a non-profit trade association of reinsurers and reinsurance brokers.
		Reinsurance serves to limit liability on specific risks, to increase individual insurers' capacity, to share liability when losses overwhelm the primary insurer's resources, and to help insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.
		The primary purpose of the Reinsurance Association of America is to advance the interests of the U.S. property and casualty reinsurance industry through effective government relations with state and federal regulatory agencies, legislators and other elected or appointed officials, and representation before judicial bodies.
	community.reinsurance.org /ScriptContent/index_about.cfm (734 words)

	AFGI - Association of Financial Guaranty Insurers - Reinsurance Primer
		When an issue is reinsured, the primary insurer cedes all or part of the risk of a default to a second company, the reinsurer.
		Facultative reinsurance is the reinsurance of part or all of a single policy subject to a separate negotiation of terms and conditions.
		These agreements may be obligatory, in which case the primary insurer must cede all conforming risks to the reinsurer and the reinsurer must accept them; or non-obligatory, where the company has the ability to pick and choose those risks it wishes to cede and the reinsurer may have the right to reject any risk.
	www.afgi.org /reinsurance.htm (601 words)

	William Hager - Reinsurance Expertise
		Reinsurance transactions are required to transfer sufficient risk from the insurer to the reinsurer in order to be accounted for as reinsurance.
		Reinsurance is a stabilizing force from a regulatory - solvency standpoint.
		Indeed, it is not uncommon that the primary asset of insolvent insurer is reinsurance recoverables.
	www.insurancemetrics.com /IMCNV_reinsuranceEX.html (2656 words)

	Reinsurance
		Reinsurance treaty is defined as ìa standard agreement for the cession and assumption of riskî as defined in the treaty.
		If the reinsurer ìfollows the fortuneî of the company, then the company may be covered under the contract; the reasoning being that the company is assured that all losses over and above the attachment point will be accepted by the reinsurer and within the reinsurance contract limit.
		A Mediator shall be appointed by the parties but shall have no binding authority, and his/her judgment, opinions or assistance does not have to be accepted by either party, his/her only function is to assist the parties in reaching a successful and satisfactory conclusion to their dispute.
	www.captive.com /newsstand/articles/2.html (2377 words)

	Manulife Financial - Reinsurance
		The reinsurer agrees to provide coverage to another insurance company (known as the ‘ceding’ or ‘reinsured’ company) for all or part of the losses that the ceding company may incur under certain policies of insurance issued by the ceding company.
		The fundamental principle of reinsurance is that a transfer of risk must occur, whether that risk relates to mortality, morbidity, lapse or surrender, expense, or investment performance.
		This international unit became part of the Reinsurance Division through the merger with John Hancock Financial Services, Inc. IGP is a leading network of life insurance companies (Associate Insurers) operating throughout the world to meet the group insurance and pension needs of multinational corporations and their affiliates.
	www.manulife.com /corporate/corporate2.nsf/Public/reinsurance.html (566 words)

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