Approved Reinsurer definition

Approved Reinsurer means a reinsurer which satisfies the criteria set forth in the Reinsurance Guidelines for entering into reinsurance or retrocession agreements with the Borrower.
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Approved Reinsurer means an insurer that
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Approved Reinsurer means any reinsurer that either:
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Examples of Approved Reinsurer in a sentence

  • Reinsurer counterparty risk refers to the failure of an Approved Reinsurer to make claim payments to the Group.

  • The Group performs annual and ad-hoc reviews of each Approved Reinsurer to determine the eligibility for ongoing business allocation and risk-sharing portions.

  • Following a discussion on timescales, it was noted that the Tennis Committee consider this project to be essential so providing that the weather conditions are suitable, they are not concerned with when in the tennis season the resurfacing takes place.

  • As of the Closing Date, each Person to whom any of the Insurance Subsidiaries has ceded any material liability pursuant to any Reinsurance Agreement either (i) is an Approved Reinsurer or (ii) is not an Approved Reinsurer but the reinsurnace receivables under all Reinsurance Agreements with such reinsurers, in the aggregate, do not exceed $5,000,000.

  • Reinsurer counterparty risk relates to the failure of an Approved Reinsurer to make claims payment to the Corporation.


More Definitions of Approved Reinsurer

Approved Reinsurer means a reinsurer of recognized standing which:
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Approved Reinsurer means a Tier-1 Reinsurer, a Tier-2 Reinsurer or a Tier-3 Reinsurer.
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Related to Approved Reinsurer

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.