reinsurance :

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reinsurance

ree in shoo ruhns

  • n  sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
    reinsurance enables a client to get coverage that would be too great for any one company to assume

  • How solid is the global reinsurance system? No one really knows, but less solid than it ought to be.
  • Of her reinsurance plan, Secretary Hobby concluded: "It is not a cureall.
  • The "reinsurance" to which Rokeby-Johnson referred was the universal practice of spreading risk.
News & Articles

Quotes

  • Collin Peterson in Bemidji Pioneer
    Rather than have us go in there and arbitrarily set some new percentage, we required the Risk Management Agency to do a new SRA (Standard Reinsurance Agreement), which is something that is done every five years,Peterson said.
  • Ajit Jain in Bloomberg
    The Omaha, Nebraska-based company is "looking at ways to support the existing insurers in terms of reinsurance and capital," Jain said today in an interview.
  • Richard Blumenthal in Forbes
    Guy Carpenter orchestrated separate conspiracies over decades to overcharge those insurance companies to the benefit of the reinsurance companies that cooperated and to itself,Blumenthal said, estimating the broker received more than $80...

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