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Topic: Reinsurance Treaty


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In the News (Wed 15 Feb 12)

  
  Spartanburg SC | GoUpstate.com | Spartanburg Herald-Journal
The Reinsurance Treaty (June 18 1887) was an attempt by Bismarck to continue to ally with Russia after the League of the Three Emperors broke down.
In 1896 the treaty was exposed by a German newspaper, the Hamburger Nachrichten, which caused an outcry in Germany and Austria-Hungary.
The failure of this treaty is seen as one of the factors contributing to World War I, due to Germany's increasing sense of diplomatic isolation.
www.goupstate.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=Reinsurance_Treaty   (0 words)

  
 CAS: "Excess Volatility" Reinsurance Treaty, The
In this paper we propose a new reinsurance treaty called “Excess Volatility” (XV).
This treaty aims at reducing the volatility of the underwriting result of a non-life insurance company.
The XV treaty is based upon reciprocity between the direct insurer and the reinsurer: losses and profits are exchanged in order to stabilize the underwriting result over time.
www.casact.org /dare/index.cfm?fuseaction=view&abstrID=5762   (186 words)

  
  Australian Legal Industry News and Law Firm - Clayton Utz - The arbitration clause in my reinsurance treaty will work, ...
Arbitration clauses and insureds and reinsureds in NSW
The major result for non-life reinsurers is that they will have to review their dispute resolution processes as they can no longer automatically rely upon arbitration as an alternative to litigation.
Reinsurers should therefore look at their processes for handling disputes and see what incentives they can offer reinsureds to induce them to arbitration.
www.claytonutz.com /news/controller.asp?nid=897   (684 words)

  
  Reinsurance Treaty - Biocrawler   (Site not responding. Last check: )
The Reinsurance Treaty (June 18 1887) was an attempt by Bismarck to continue to ally with Russia after the League of the Three Emperors broke down.
The reason for the German decision was that the treaty was thought to undermine Germany's credibility with his Allies of the Triple Alliance (1882) with Austria-Hungary and Italy.
In 1896 the treaty was exposed by a German newspaper, the Hamburger Nachrichten, which forced an uproar in Germany and Austria-Hungary.
www.biocrawler.com /encyclopedia/Reinsurance_Treaty   (271 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.
Treaty - A general reinsurance agreement which is obligatory between the ceding company and the reinsurer containing the contractual terms applying to the reinsurance of some class or classes of business, in contrast to a reinsurance agreement covering an individual risk.
www.captive.com /newsstand/articles/GlosRein.html   (3218 words)

  
 simas mobil - Belajar - Introduction To Reinsurance   (Site not responding. Last check: )
Reinsurance plays a very important, even vital, role in the insurance industry by providing the capacity required by the direct insurer to cover risks which the latter would not otherwise be able to insure.
A treaty, as its name indicates, is an agreement in writing between the two parties to a reinsurance agreement for reinsurances to be offered by one party in respect of certain specified classes of business on a basis outlined and to be accepted automatically by the other party.
Reinsurance has now come to be deemed more of a cash transaction and the reinsurers are concerned with the final result once they have chosen their right partners.
www.sinarmas.co.id /belajar/reinsurance.php   (2084 words)

  
 Reinsurance
Facultative reinsurance is reinsurance of individual insured exposures.
The primary insurer has no obligation to submit any risks to the reinsurer, and the reinsurer is free to accept or reject any risks submitted by the primary insurer, also known in reinsurance transactions as the ceding company.
Treaty reinsurance is reinsurance of specified types or classes of insured exposures that are automatically "ceded" and accepted within the terms of the reinsurance contract, called a treaty, without evaluation of each individual exposure.
www.aon.com /us/busi/reinsurance/default.jsp   (365 words)

  
 IRMI - Sorting Out the Reinsurance Contract Morass
Treaties generally are drafted by the ceding company's reinsurance broker or, in the direct market, by the ceding company's contract wording department.
If the reinsurance is of a specific risk and a specific policy, it is a facultative risk whether the certificate is the traditional short form or whether it is as long as a treaty.
Treaty implies that the insurance company has to cede all risks written within the scope of the reinsurance and the reinsurer has to accept them.
www.irmi.com /expert/articles/schiffer010.asp   (1115 words)

  
 - Anonymous   (Site not responding. Last check: )
Funds Withheld - A provision in a reinsurance treaty under which the premium due the reinsurer, usually an unauthorized reinsurer, is not paid but rather is withheld by the ceding company to enable the ceding company to reduce the provision for unauthorized reinsurance in its statutory statement.
Reinsurance - The transaction whereby the assuming insurer, for a consideration, agrees to indemnify the ceding company against all, or a part, of the loss which the latter may sustain under the policy or policies which it has issued.
Treaty - A reinsurance contract under which the reinsured company agrees to cede and the reinsurer agrees to assume risks of a particular class or classes of business.
community.reinsurance.org /ScriptContent/index_glossary.cfm   (4551 words)

  
 Treaty Compression and the effects of Non-Proportional Reinsurance
With pro-rata reinsurance, it is common knowledge that the primary insurer and the reinsurer follow the fortunes of a risk with regard to exposure, premium and losses, in accordance with the cession.
In the case of a pro-rata treaty, the reinsurer participates in the overall portfolio at original terms and conditions, irrespective of the adequacy of these terms and conditions or the original premium.
The effect on the net retention and treaty reinsurance is usually minute since both primary insurer and pro-rata treaty reinsurer are compensated for the increased exposure by an increased allotment of original premium and the increased premium allocation.
www.facworld.com /FacWorld.nsf/doc/np3   (2255 words)

  
 AFGI - Association of Financial Guaranty Insurers - Reinsurance Primer
Treaty reinsurance requires the reinsurer to underwrite or assume part or all of a ceding company's book of business for one or more specific classes of business.
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)

  
 still more about reinsurance treaty
Clash ReinsuranceA form of casualty excess of loss treaty reinsurance for coverage in the event that two or more named insured for the primary group are involved in the same loss occurrence.
Bismarck's ¯ Reinsurance Treaty with Russia was an attempt to avoid this seemingly inevitable war.
Back automatic reinsurance treaty A reinsurance agreement in which the reinsurer agrees, for a stipulated type of risk, to accept each risk or a portion of each risk submitted by the ceding...
www.yourinsuranceworld.com /reinsurance/reinsurancetreaty   (884 words)

  
 Glossary of Reinsurance Terms - Guy Carpenter
Some courts have held that salvage and subrogation proceeds held by a reinsured in a trustee capacity are not mutual debts with reinsurance proceeds owed by the reinsurer and therefore cannot be offset.
The extension of a reinsurance treaty to embrace a specific risk not automatically included within its terms (e.g., a different class of business, an inordinate size of obligation, or an excluded risk).
Second surplus, third surplus, etc., reinsurances are the remaining portions of the surplus liability that must apply to each such respective contract after deducting the amount(s) ceded to the underlying surplus contract or contracts.
www.guycarp.com /portal/extranet/utility/glossary_s.html   (1065 words)

  
 World War I, The Reinsurance Treaty
The present Treaty shall remain in force for the space of three years, dating from the day of the exchange of ratifications.
The High Contracting Parties mutually promise secrecy as to the contents and the existence of the present Treaty and of the Protocol annexed thereto.
The present Treaty shall be ratified and ratifications shall be exchanged at Berlin within a period of a fortnight, or sooner it may be.
www.lib.byu.edu /~rdh/wwi/1914m/reinsure.html   (517 words)

  
 Obtaining Large Capacity Through the Use of Non-Proportional Facultative Reinsurance
However, non-proportional facultative reinsurance, in conjunction with proportional treaties, is also possible and frequently occurs, generally by means of appropriate agreements with the treaty reinsurer(s).
In the event of no agreement with treaty reinsurers, it is possible to structure non-proportional facultative reinsurance solely on the basis of an insurer's retention, or to agree to a second retention for the insurer.
the obligatory treaty is not affected by the facultative reinsurance.
www.facworld.com /FacWorld.nsf/doc/np2will   (1540 words)

  
 Mayer Brown - Overview
Our client, the reinsurer, contended that material misrepresentations and omissions were made during the presentation of the risk required rescission, and that late notice and improper claims handling relieved it of liability under the treaty.
The three reinsurers are attempting to avoid liability under the policies claiming that their managing general agent exceeded its respective authority in binding the reinsurance policies.
We defeated the reinsurers' defenses of late notice and bad faith claims handling, and successfully argued that the settlement was reasonable.
www.mayerbrownrowe.com /insurance/index.asp   (0 words)

  
 Reinsurance Treaty
The Reinsurance Treaty (June 18, 1887) was an attempt by Bismarck to continue to ally with Russia after the League of the Three Emperors broke down.
In 1896 the; treaty was exposed by a German newspaper, the Hamburger Nachrichten, which caused an outcry in Germany and Austria-Hungary.
The failure of this treaty is seen as one of the factors contributing to World War I, due to Germany's increasing sense of diplomatic isolation.
www.lookitup.co.za /r/e/i/Reinsurance_Treaty_7c3a.html   (256 words)

  
 Reinsurance Group of America - RGA
With total reinsurance in force of nearly $56 billion, General American moves up to the number three ranking among the 30 life reinsurers operating in the US More than 100 leading US companies are now clients...General American expands into special risk and financial reinsurance.
Reinsurance division takes a major step forward in automation with the installation of a Digital DEC Vax 8530 minicomputer and the formation of a separate systems department dedicated to reinsurance business...Sales associates make first business trip outside North America, visiting Germany, Italy, and Great Britain.
General American Reinsurance ranking in the industry moves up to number five with nearly $32 billion total in force...Vice President W. Richard Condon, the founder of the reinsurance operation, retires and is succeeded by Greig Woodring as head of the division.
www.rgare.com /aboutRGA/history.asp   (1455 words)

  
 Reinsurance Glossary - Recapture or Recapture Provision — Risk and Profit Charge
In a reinsurance treaty, a provision that allows a ceding company to take back some or all of the reinsured business from a reinsurer.
An amount identified in some reinsurance agreements as specifically to be retained by the reinsurer for assuming the risk under the policies reinsured; a share of the profits in excess of the risk charge is returned to the ceding company as an experience refund.
This reinsurance glossary is provided with the understanding that it is neither designed nor intended to provide the reader with legal, accounting, investment, marketing, or other types of professional business management advice.
www.findalink.net /reinsurance/def-r.php   (674 words)

  
 Transamerica Reinsurance   (Site not responding. Last check: )
In order to make sure that the reinsurer and the ceding company have a mutual understanding and agreement on what these guidelines are, it is important for them to be attached to and made part of the reinsurance treaty.
In every reinsurance seminar, underwriting conference and industry meeting, you can find examples of policies that were issued in a preferred best class that should have been declined or highly rated cases.
Losses to reinsurers may be reflected through more stringent claims handling by reinsurers, higher future reinsurance prices, additional loading into mortality to reflect uncertainty of the quality of business ceded or, in drastic cases, reinsurers pulling out of the market.
www.transamericareinsurance.com /associate_article.asp?Id=195   (579 words)

  
 Reinsurance Treaty | Allstate Home Insurance | Tour Van Commercial Insurance | Www.Insurance Property Casualty Dallas ...
There's so much quantity of advice on reinsurance treaty that it's often very hard to know where to start.
In keeping up with the continued growth of on-line sales reinsurance treaty websites are spring up everywhere A major advantage that online property and casualty insurance companies in ma traders have over shop front airline travel insurance organizations is that they can reach a global market for minimum cost.
As the mushrooming of e-commerce continues reinsurance treaty businesses expand with the increased business from Internet sales The main benefit that the web louisiana homeowners insurance sellers have over brick and mortar stores reinsurance treaty walk-in stores, is at the operating costs or considerably less.
www.ilhealthinsurance.org /reinsurance-treaty.htm   (332 words)

  
 The Dispatch - Serving the Lexington, NC - News
However, having become alarmed at its growing isolation, Russia entered into an alliance with France in 1892 thus bringing to an end the isolation of France.
In 1896 the treaty was exposed by a German newspaper, the Hamburger Nachrichten, which caused an outcry in Germany and Austria-Hungary.
The failure of this treaty is seen as one of the factors contributing to World War I, due to Germany's increasing sense of diplomatic isolation.
www.the-dispatch.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=Reinsurance_Treaty   (244 words)

  
 Treaty Reinsurance
Treaty Reinsurance means a standing agreement existing between insurers and reinsurers, under which each party automatically accepts a specific percentages of the insurer’s business.
If you have a better definition for Treaty Reinsurance than the one presented here, please let us know by making use of the suggest a term option.
Our attempt is to provide easy definitions on Treaty Reinsurance and any other insurance topic for the public at large.
www.insurancedictionary.org /Treaty_Reinsurance.htm   (0 words)

  
 First World War.com - Primary Documents - Reinsurance Treaty, 18 June 1887
Thus his alliance with Russia in 1887, the so-called Reinsurance Treaty, was intended at avoiding that possibility, although under the terms of the agreement Russia was not bound to come to Germany's aid if the latter attacked France (or if Russia declared war with Austria-Hungary, Germany's close ally).
The present Treaty shall remain in force for the space of three years, dating from the day of the exchange of ratifications.
The present Treaty shall be ratified and ratifications shall be exchanged at Berlin within a period of a fortnight, or sooner it may be.
www.firstworldwar.com /source/reinsurancetreaty.htm   (0 words)

  
 Fellowship Reinsurance Treaty, more information about Reinsurance Treaty
As part of Bismarcks system of periphere diversion the treaty was highly depending on his person.
The reason for the German decision was that the treaty was thought to undermine Germanys credibility with his Allies of the Triple Alliance (1882) with Austria-Hungary and Italy.
In 1896 the treaty was exposed by a German newspaper, the Hamburger Abendnachrichten, which forced an uproar in Germany and Austria-Hungary.Template:History-stub
www.cloakoffellowship.com /Reinsurance_Treaty.html   (0 words)

  
 EWI Products and Services
EWI treaty reinsurance programs are constructed to comply with regulatory requirements and enhance financial standing with policyholders and rating agencies.
Reinsurance trading relationships are maintained with high-quality reinsurers located in the United States, Bermuda, Europe, and at Lloyds of London.
Tall Pines is not normally a risk taking entity, but rather a vehicle used by certain clients that do not want to capitalize and maintain their own captive, yet want to access reinsurers for facultative or treaty placements, in many cases as part of an overall risk structure.
www.ewireinsurance.com /products_services.html   (3246 words)

  
 Reinsurance Brokerage & Services
Quota Share treaty arrangement are generally not practiced in the Indian market except the obligatory cession where every Insurance Company is expected to cede 20% of each and every risk to GIC which is the national reinsurer.
As on date private companies are largely dependent on Surplus Treaties as against excess of loss treaties by their counterparts in Government Sector.
Aon Global is also instrumental in offering a volume of inward reinsurance to the Indian market both in the form of proportional as well as non proportional treaties.
www.aonglobal.com /treaty.htm   (192 words)

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