Example: bankruptcy
Excess Reinsurance
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GLOSSARY OF REINSURANCE TERMINOLOGY
www.rms-actuary.comReinsurance A form of excess of loss reinsurance, subject to a specific limit, which indemnifies the ceding company in excess of a specified retention for accumulation of losses from catastrophic occurrence. Cede To transfer to a reinsurer all or part of the insurance risk written by a
The Insurance Business (Solvency) Rules and Guidance, 2021
www.gfsc.ggproviding reinsurance to a commercial insurer, whether or not part of the same group, and with no direct business; (e) Category 5 – Captive (Re)insurers – a life or general insurance or reinsurance entity created and owned, directly or indirectly, by one or more industrial, commercial, or financial entities or associations