reinsurance business definition

reinsurance business means the business of insuring any insurer or reinsurer in respect of the insurer’s or reinsurer’s contractual obligations under any long-term policy;

reinsurance business means the business of undertaking liability as a reinsurer under reinsurance contracts;

reinsurance business means the business of insuring any insurer or reinsurer in respect of the insurer’s or reinsurer’s contractual obligation under any policy;

Examples of reinsurance business in a sentence

• Changes in Actuarial LiabilitiesChanges in actuarial liabilities for the nine months ended September 30, 2005, and September 30, 2004, are as follows: 2005 2004 (1) The increase in reserves arises from lapse and morbidity assumption changes in the Reinsurance Business Unit.

• Changes in Actuarial LiabilitiesChanges in actuarial liabilities for the three and nine months ended September 30, 2006, and September 30, 2005, are as follows: For the three months endedFor the nine months ended September 30 2006 (1) The increase in reserves arises from lapse and morbidity assumption changes in the Reinsurance Business Unit.

• The decreases arise mainly from mortality assumption changes in the Reinsurance Business Unit.

• AGC assumes exposure on insured obligations ("Reinsurance Business") and cedes portions of its exposure on obligations it has insured ("Ceded Business") in exchange for premiums, net of ceding commissions.

• Corporate and Other Segment – comprised of investment performance on assets backing capital, net of amounts allocated to operating segments; costs incurred by the corporate office related to shareholder activities (not allocated to operating segments); financing costs; Property and Casualty (“P&C”) Reinsurance Business; and run-off reinsurance operations including variable annuities and accident and health.

More Definitions of reinsurance business

reinsurance business means the business of undertaking liability to pay money to insurer or reinsurers in respect of contractual liabilities in respect of insurance business incurred by insurers or reinsurer and includes a retrocession;

reinsurance business means the business of insuring any registered insurer or registered reinsurer or any foreign insurer or foreign reinsurer in respect of any such insurer’s or reinsurer’s contractual obligations under any policy or reinsurance contract;

reinsurance business means insurance business where the risk insured by a person is a risk that person has accepted from an insurer;

reinsurance business means the business of undertaking liability to pay money to reinsurers in respect of insurance business incurred by insurers or reinsurers and includes a retrocession;

reinsurance business means business activity consisting in accepting risks ceded by an insurance undertaking, an insurance undertaking from another Member State, a third-country insurance undertaking, or by a reinsurance undertaking, a reinsurance undertaking from another Member State, or a third-country reinsurance undertaking; reinsurance business also includes the acceptance of risks, ceded by any member of the association of underwriters known as Lloyd’s, by an insurance or reinsurance undertaking, an insurance or reinsurance undertaking from another Member State, or a third-country insurance or reinsurance undertaking, as well as the provision of coverage by a reinsurance undertaking to an occupational pension company.4a

reinsurance business means the business of accepting risks by effecting or carrying one or more contracts of reinsurance whether directly or indirectly, and includes running-off business including the settlement of claims;

reinsurance business means insurance business that is purchased by an insurer from another insurer (the reinsurer) as a means of risk management, in consideration for a premium, to transfer risk from the insurer to the reinsurer;