Sentences with phrase «ceding companies»
The phrase "ceding companies" refers to insurance companies or businesses that transfer or give a portion of their policies or risks to another insurance company. Full definition
Retroactive reinsurance contracts afford protection to ceding companies against the adverse development of cla...
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The U.S. Reinsurance operation writes property and casualty reinsurance and specialty lines of business, including Marine, Aviation, Surety and A&H business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U.S..
The Bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its Bermuda office and reinsurance to the United Kingdom and European markets through its UK branch and Ireland Re.
The Law Office of Robert Dunne addresses the full range of topics faced by ceding companies, reinsurers, and retrocessionaires including:
Recently and successfully represented major U.S. ceding company in connection with World Trade Center (9/11) losses.
Description: In the case of treaty reinsurance, the company that sells the insurance policies to another insurance company is called ceding company.
Retroactive reinsurance contracts afford protection to ceding companies against the adverse development of claims arising under policies issued in prior years.
[1] Reinsurance is an arrangement in which the reinsurer, agrees to take on risks another insurance company, the «ceding company,» for a percentage of the premiums paid on the original policy (for specifics, see Reinsurance).
The ceding company then prepares a schedule of the net amount at risk for each policy year.
The reinsurer develops a schedule of yearly renewable term premium rates for reinsurance on the ceding company's schedule.
A yearly renewable term plan of reinsurance is a type of proportional reinsurance under which mortality risks are ceded by a primary insurer (ceding company) to a reinsurer.
In the reinsurance agreement, the ceding company and the reinsurer agree on how the policy net amount at risk will be shared between them.
Reinsurance frees up the capital of the ceding company and helps augment the solvency margin.