Not exact matches
Huge national banks shuttered, bankrupt, corporations that employed thousands wiped
out, TBTF
reinsurers bailed
out with taxpayer money, amazingly flawed misallocation of resources financing pipedream «Green Energy» companies with no product, and no market even if they did have a product, etc..
Take
out a few other items, and you get an adjusted book value of around $ 85 on a very strong and diversified
reinsurer.
PS — the better managed, less levered insurers /
reinsurers do tend to do relatively better
out of big crises, because they will have the capital to write the juicier business in the next year...
A certain life
reinsurer who was large then (call them Geta Life), but is
out of the business now (unimaginable then, but given what happened here, no surprise), reinsured a large portion of the immediate annuities and structured settlements, including rated structured settlements that the AIG domestic life companies had written.
A significant Peruvian insurer in claims against the London market
reinsurers arising
out of bankers» blanket bond fidelity policies.
«In addition,» noted Heins, «we had to persuade the reinsurance market to provide financial support, but before going
out to the
reinsurers, we needed to redesign and clarify the insurance coverage and be able to demonstrate to
reinsurers that we had the ability to make the insurance program financially sustainable.»
We also handle disputes arising
out of the
reinsurer's right to participate in the defense of a claim.
1) There were 62 insurance companies operating in India by end of Mar - 2017,
out of which 24 are in life insurance business, 23 general insurance, 6 in health insuranceonly and 9 are reinsurance companies including foreign
reinsurers including Lloyds India.
Typical duties listed on an Underwriter resume sample include assessing risks, finding
out information from policyholders, preparing quotes, sharing risks with
reinsurers, writing policies, and updating records.