Sentences with phrase «retroactive reinsurance»

This is retroactive reinsurance, where an insurer purchases insurance from a reinsurer to cover business previously written.

These liabilities included approximately $ 11.9 billion at December 31, 2013 and $ 12.4 billion at December 31, 2012 of liabilities assumed under retroactive reinsurance contracts.

BHRG periodically assumes risks under retroactive reinsurance contracts.

10) Retroactive reinsurance showed gains, because losses on Swiss Re's P&C experience was better than expected.

The net of all this is that a) I expect our cost of float to be very attractive in the future but b) rarely to return to a «no - cost» mode because of the annual charge that retroactive reinsurance will lay on us.

Second, Buffett made a big positive out of the retroactive reinsurance results, going so far as to explain the business in both the 2000 (page 8) and 2002 (page 9) shareholder letters.

Now, to varying degrees, Buffett made effort over the prior four years to explain the profitability of Berky's retroactive reinsurance business, because it skewed the loss ratios of Berky upward.

Last year — we are getting now to Equitas — Berkshire agreed to enter into a huge retroactive reinsurance contract, a policy that protects an insurer against losses that have already happened, but whose cost is not yet known.

From the 10K: BHRG periodically assumes risks under retroactive reinsurance contracts.

Retroactive reinsurance contracts afford protection to ceding companies against the adverse development of cla...

Not exact matches

In 2009, NICO agreed to provide up to 5 billion Swiss Francs (approximately $ 5.3 billion as of December 31, 2011) of aggregate excess retroactive protection to Swiss Reinsurance Company Ltd. and its affiliates («Swiss Re»).