reinsurance agreement
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Reinsurance — is a means by which an insurance company can protect itself against the risk of losses with other insurance companies. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes,… … Wikipedia
Reinsurance sidecar — Reinsurance sidecars, conventionally referred to as Sidecars, are financial structures which are created to allow investors to take on the risk and return of a group of insurance policies (a book of business ) written by an insurer or reinsurer… … Wikipedia
Reinsurance — The practice of insurers transferring portions of risk portfolios to other parties by some form of agreement in order to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. The intent of reinsurance is for … Investment dictionary
reinsurance — A contract by which an insurer procures a third person to insure him against loss or liability by reason of original insurance. A contract that one insurer makes with another to protect the latter from a risk already assumed. It binds the… … Black's law dictionary
Reinsurance Treaty — (June 18, 1887) Secret agreement between Germany and Russia. Arranged by Otto von Bismarck after the collapse of the Three Emperors League, it provided that each party would remain neutral if either became involved in a war with a third nation,… … Universalium
reinsurance — An agreement by which one insurer indemnifies another insurer in part, or in total, for the risks of a policy issued by that other insurer … Accounting dictionary
facultative reinsurance — fa·cul·ta·tive reinsurance / fa kəl ˌtā tiv / n [alluding to the faculty (i.e., power or prerogative) of the reinsurer to accept or reject the agreement]: a separate reinsurance agreement drawn up for a single risk compare treaty reinsurance… … Law dictionary
facultative reinsurance — noun : a separate reinsurance agreement drawn up for a single risk … Useful english dictionary
flat reinsurance — noun : a reinsurance agreement (as in marine insurance) that is not subject to cancellation or change … Useful english dictionary
treaty reinsurance — n: reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter compare facultative reinsurance Merriam… … Law dictionary
treaty reinsurance — noun : reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter … Useful english dictionary