Inuring Reinsurance definition

Inuring Reinsurance means any reinsurance agreement under which any portion of the Business Reinsured is ceded to a reinsurer other than the Reinsurer, including, as of the Effective Date, those reinsurance agreements listed on Schedule A-1, but excluding any reinsurance under which the Ceding Company cedes a quota share of any contracts included in the Structured Settlement Business, Terminal Funding Business or the Variable Annuity Business, which reinsurance includes, as of the Effective Date, those reinsurance agreements listed on Schedule A-2.

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Inuring Reinsurance means all reinsurance agreements, treaties and contracts, including any renewals or extensions thereof, to the extent such reinsurance agreements, treaties and contracts provide reinsurance coverage for the Insurance Contracts.

Inuring Reinsurance means Outward Reinsurance as defined in the Services Agreement.

Examples of Inuring Reinsurance in a sentence

The Reinsurer shall bear the costs of any non-performance of the reinsurers under the Inuring Reinsurance agreements in proportion to its Quota Share.
In exchange for the Reinsurer providing the Ceding Company with the Inuring Reinsurance Premium Allowance in order to pay the premiums under the Inuring Reinsurance agreements, the Reinsurer shall be entitled to a reduction in its liability in proportion to its Quota Share of Inuring Reinsurance Recoveries actually received by the Ceding Company.
The Ceding Company shall notify the Reinsurer not less than days [REDACTED] prior to effectuating any material amendment, recapture or termination of any Inuring Reinsurance, or entering into any reinsurance agreement that would constitute Inuring Reinsurance hereunder, in each case, where any such amendment, recapture, termination or new reinsurance agreement would reasonably be expected to adversely affect the Reinsurer related to the transactions contemplated by this Agreement in any material respect.

More Definitions of Inuring Reinsurance

Inuring Reinsurance means all reinsurance and retrocession agreements, treaties and contracts, including any renewals or extensions thereof, whereby the Company ceded or retroceded losses under the Covered Contracts to third parties (other than Partner LTD) (the “Inuring Reinsurers”), to the extent such reinsurance or retrocession agreements, treaties and contracts provide reinsurance coverage for losses thereunder.

Inuring Reinsurance means the outwards reinsurance with respect to the Subject Business as presented in the bid template and data contained in the Data Room and includes the Deemed Inuring Reinsurance as if still in place; provided that “Inuring Reinsurance” shall not include any reinsurance that is only between the Retrocedent and an Affiliate of the Retrocedent.

Inuring Reinsurance means all rights, offsets and recoveries under reinsurance agreements between Highlands and third party reinsurers relating to the Subject Portfolio.

Inuring Reinsurance means all reinsurance and retrocessional treaties and agreements pursuant to which the Beneficiary ceded any reinsurance to third parties on or prior to the Effective Date.

Inuring Reinsurance means reinsurance and other risk transfer or risk mitigation mechanisms or arrangements entered into by the Ceding Company with respect to Losses under the Business Reinsured, including catastrophe bonds, industry loss warranties, and similar mechanisms and arrangements that inure to the mutual benefit of the Ceding Company and the Reinsurer in the same proportion as their respective interests in the Business Reinsured as a result of this Agreement.

Inuring Reinsurance has the meaning set forth in the LPT and Quota Share Reinsurance Agreement.

Inuring Reinsurance means, excluding the reinsurance provided under this Agreement, the amounts paid to the Reinsured under all outwards reinsurance contracts or treaties providing coverage in respect of the Subject Business in effect as at the On Risk Date, as administered in accordance with Schedule 3.