BNET Business Dictionary
Business Definition for: Reinsurance
- a method of reducing risk by transferring all or part of an insurance policy to another insurer
Wiktionary Definition for: Reinsurance
- Insurance purchased by insurance company insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.
Additional Resources
- Twins at the top: reinsurance. (Munich Reinsurance Co, Swiss Reinsurance Co)
- Swiss Reinsurance Co and Munich Reinsurance Co have become the two biggest companies in the reinsurance industry despite having very different strategies. Munich Reinsurance has stuck with a very diversified client list while Swiss Reinsurance has dabbledSwiss Reinsurance Co and Munich Reinsurance Co have become the two biggest companies in...
- Research articles 1995-09-02
- Finite Reinsurance
- A finite reinsurance contract is a reinsurance contract by which risk is transferred to the reinsurer, but with risk transfer usually being limited in some way. Generally, finite reinsurance costs less than traditional reinsurance. Finite reinsurance contracts may also differ from other reinsurance products in term and pricing structure. Finite...
- White papers 2005-04-01
- A Practical Guide to Reinsurance Arbitration
- The United States reinsurance company market has been, as many experienced reinsurance executives predicted, consolidated down to less than thirty (30) reinsurance companies. This has led to more reinsurance disputes, and the need for additional reinsurance arbitration. Insurance company/reinsurance company professionals must continue to resolve their business disputes via arbitration;...
- White papers 2005-01-17
- Reexamining Reinsurance
- Reinsurance affects all public entities. A fully-insured municipality is affected by the reinsurance being purchased by the municipality's primary insurer. A self-insured municipality usually relies upon a reinsurer for catastrophic protection. Finally, a municipality participating in a pool relies upon the pool's reinsurance for protection and cost stability. Thus, public...
- White papers 2003-01-01
- Negotiating the Buying of Reinsurance on Behalf of the Owners of Captive Insurance Companies
- The owner of a captive insurance company lacks the experience of buying reinsurance, especially when they are dealing with the few sophisticated reinsurers that exist in today?s reinsurance market. In the reinsurance buying negotiation process, the captive owner is at a complete disadvantage when dealing with experienced reinsurance company executives....
- White papers 2005-01-21
- RenaissanceRe Announces Funding of Starbound Reinsurance II Limited, Bringing Additional Reinsurance Capacity to the Florida Market
- PEMBROKE, Bermuda -- RenaissanceRe Holdings Ltd. (NYSE:RNR) today announced the formation and funding of Starbound Reinsurance II Limited ("Starbound II"), a new Bermuda reinsurance company, creating approximately $375 million in new reinsurance capacity for the Florida homeowners market. Renaissance Reinsurance Ltd. ("Renaissance Reinsurance") has entered into fully-collateralized quota share retrocession...
- Research articles 2007-06-04
- Ace sells runoff reinsurers to London management firm.(Companies)(Ace Ltd.)(Ace American Reinsurance Co.)(Brandywine Reinsurance Co.(UK)Ltd.)(Brandy-wine Reinsurance Co.)(Brief article)
- Ace Ltd. has sold three runoff reinsurance entities that had been at the center of a dispute between Ace and some of its competitors. Ace said the sale of Ace American Reinsurance Co., Brandywine Reinsurance Co.UK Ltd. and Brandy-wine Reinsurance Co. S.A.-N.V. removes about...
- Research articles 2006-08-01
- Reinsurance Credit Trends: An Update
- This report is an update to Fitch Ratings' November 2003 report, "Reinsurance Credit Trends: A Mixed Bag." In that report, Fitch examined reinsurance related data of the U.S.-based property/casualty industry for the years 1998-2002 and drew the following conclusions viz, The industry's exposure to reinsurance had grown significantly, The credit...
- White papers 2004-09-29
- Fundamentals of Property Casualty Reinsurance
- Reinsurance is a transaction in which one insurance company indemnifies, for a premium, another insurance company against all or part of the loss that it may sustain under its policy or policies of insurance. The insurance company purchasing reinsurance is known as the ceding insurer; the company selling reinsurance is...
- White papers 2001-02-01
- Up Front About Reinsurance
- Reinsurance plays a variety of essential roles in the insurance industry. Reinsurance is used to expand underwriting capabilities, provide capital, and boost the credit rating of the ceding company. While not true partners in a legal sense, in a traditional reinsurance transaction the ceding insurer and the re insurer have...
- White papers 2003-12-01
- Pervasive: The Transitional Shift of the U.S. Reinsurance Marketplace
- The U.S. reinsurance marketplace has undergone significant changes in the last two decades. This report assesses the impact of changes in the reinsurance industry that have taken place over the last twenty years in terms of quality of reinsurance security. In addition, the report examines what steps may be taken...
- White papers 2004-02-16
- On the Optimality of Proportional Reinsurance
- Proportional reinsurance is often thought to be a very simple method of covering the portfolio of an insurer. Theoreticians have not been particularly interested in analyzing the optimality properties of these types of reinsurance covers. This paper uses a real-life insurance portfolio in order to compare four proportional structures: quota...
- White papers 2005-04-22
- An Introduction to Reserving and Financial Reporting Issues for Non-Traditional Reinsurance
- Non-traditional reinsurance contracts and finite risk reinsurance contracts in particular, are structured differently from traditional reinsurance. The incorporation of special features that make each contract unique tends to preclude standard portfolio loss reserving. This paper introduces the basic features related to common types of finite risk reinsurance contracts that provide...
- White papers 2004-08-12
- Reinsurer merger talk raising questions; Union of Berkshire, ERC would create powerhouse.(News)(Employers Reinsurance Corp. and Berkshire Hathaway Group merger discussion)
- Byline: JUDY GREENWALD OMAHA, Neb.-Reinsurance buyers would be better off if Employers Reinsurance Corp. had a parent such as Berkshire Hathaway Group that is committed to the reinsurance business, because of the stability this would convey, marke Byline: JUDY GREENWALD ...
- Research articles 2002-11-18
- Centre Re co-founder dead at 47. (Centre Reinsurance Holdings Ltd.'s co-founder Michael D. Palm)
- Michael D. Palm brought financial innovations to reinsurance Michael D. Palm, a co-founder of Centre Reinsurance Holdings Ltd. in Bermuda, and a leading figure in the creation of financial reinsurance who later gave away much of his fortune, has died. Michael D. Palm brought financial innovations to...
- Research articles 1998-08-17
- Fed. reinsurance regulation gets RAA's support. (Reinsurance Association of America) (Section II: U.S. Reinsurance Report)
- If there is to be regulation of the reinsurance industry in the United States, it seems clear that a federal plan, rather than a state-by-state system, offers the best chance for uniformity and efficiency, according to Reinsurance Association of Amer If there is to be regulation...
- Research articles 1993-07-05
- Standard & Poor's Top 25 Reinsurance Groups.(Brief Article)(Statistical Data Included)
- Standard & Poor's Top 25 Reinsurance Groups Ranked By Net Reinsurance Premiums Written (U.S. Dollars In Millions) ...
- Research articles 2001-09-03
- Swiss Reinsurance Launches Online Trades, Cover Auction.
- In an apparent first for the reinsurance industry, Swiss Reinsurance Company said it was launching a new platform at www.swissre.com from which it will auction and trade reinsurance coverage over the Internet. The platform is called "ELRiX,&q In an apparent first for the...
- Research articles 1999-11-29
- TRANSAMERICA REINSURANCE OPENS OFFICE IN TOKYO.
- TOKYO, Feb 26 Asia Pulse - Transamerica Reinsurance has increased its presence in the Asia-Pacific life reinsurance market with the opening of a new liaison office in Tokyo, Japan. Transamerica Reinsurance already has offices in Taipei, Seoul and Ho TOKYO, Feb 26 Asia Pulse -...
- Research articles 2002-02-26
- SWITZERLAND REINSURANCE COMPANY WILL MOVE AP HEADQUARTER INTO HK
- AsiaInfo Services 11-06-2001 Switzerland Reinsurance Company Will Move AP Headquarter Into HK CHINA, Nov 06, 2001 AsiaPort via COMTEX -- Switzerland Reinsurance Company which is the second largest reinsurance company in the world, will move i AsiaInfo Services ...
- Research articles 2001-11-06
