What is an reinsurance company?
Issue: Reinsurance, often referred to as insurance for insurance companies, is a contract between a reinsurer and an insurer. In this contract, the insurance company—the cedent—transfers risk to the reinsurance company, and the latter assumes all or part of one or more insurance policies issued by the cedent.
Who is the biggest reinsurance company?
Types of reinsurance include facultative, proportional, and non-proportional.
What are the three types of reinsurance?
For example, an insurance company might insure commercial property risks with policy limits up to $10 million, and then buy per risk reinsurance of $5 million in excess of $5 million. In this case a loss of $6 million on that policy will result in the recovery of $1 million from the reinsurer.
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[PDF] The essential guide to reinsurance Swiss Re
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[PDF] Global Reinsurance Highlights 2020 - S&P Global
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