Reinsurance company definition

Reinsurance company means a legal entity licensed to carry out reinsurance activity, in accordance with this Law;

Reinsurance company means a company that carries on the business of reinsurance;

Reinsurance company means a legal entity with its seat in the territory of the Republic of Albania, licensed to carry out reinsurance activity by the Insurance Supervision Authority in accordance with this law.

Examples of Reinsurance company in a sentence

• Reinsurance company ratings are not applicable and will not be considered as meeting this requirement.

• If the total damage declared in a year to damage, life or funeral insurers according to the Dutch Reinsurance company for Terrorist Damage (Nederlandse Herinsurancesmaatschappij voor Terrorismeschade N.V. (NHT) will be higher than the maximum amount that this company will annually reinsure, you are only entitled to a certain percentage of the costs or the value of the healthcare.

• The majority of the reserves and liabilities of ABC are reinsured to LMN Reinsurance company on a coinsurance basis.

• Source: Cayman Islands Monetary Authority website, June 30, 2021 24 Licensees - by Category 31 314 4% 3% 43% 9% 19% 22% Pure Captive Segregated Portfolio Group Captive Reinsurance company Commercial insurer Special Purpose Vehicle 5 | CAPTIVE INSURANCE – IN THE CAYMAN ISLANDS Cayman Business Environment The Cayman Islands is one of the world’s most efficient and well- recognized international financial centers.

• Reinsurance company is a company which provides reinsurance services in dealing with any risk faced by an insurance company.

More Definitions of Reinsurance company

Reinsurance company means an company which has received official authorization to engage in reinsurance activities and activities involved in or closely related to reinsurance under the laws of the Member State in which the reinsurance company has its head office;

Reinsurance company means reinsurance companies established in Turkey and Turkish organizations of reinsurance companies established abroad,

Reinsurance company means the ZEP-RE (Preferential Trade Area Reinsurance Company), established under Article 2 of the Agreement, as a regional organisation responsible for promoting trade, development and integration within the Common Market for Eastern and Southern Africa region through the trade of insurance and reinsurance business;

Reinsurance company means an insurance company listed on Schedule V hereto which has entered into a Reinsurance Treaty with an Originator.

Reinsurance company means the entity referred to in letter cc) of Article 1, paragraph 1, of Legislative Decree no. 209 of 7 September 2005, including the branches in Italy of companies with registered office in a third country;

Reinsurance company. LIMITED : NON-TRADITIONAL B1 QUOTA SHARE TREATY SCHEDULE A- REINSURANCE CONTRACTS. Reserving Class Genius Class Policy Reference Inception Expiry Cedant Title 88 88 Non Trad Intl 003102011FXP 18/05/01 31/03/04 Transatlantic Re Co *AC* XXX 0xx Xxxxxxxx Xxxx Xxxxx 00 00 Non Trad Intl 003103011FXP 18/05/01 31/03/04 Transatlantic Re Co *AC* TRC 2nd Property Risk Retro EXHIBIT A-2 Loss Reserves by Class of Business None. EXHIBIT B Loss Reserves Loss Reserves shall consist of loss and loss adjustment expense reserves, including incurred but not reported loss and loss adjustment expense reserves as of the Effective Time with respect to premium earned on the Reinsurance Contracts net of retrocessional recoverables under the Inuring Retrocessions, Loss Reserves shall not include any loss and loss adjustment expense reserves or ceding commission reserves relating to Excluded Losses. Aggregate Loss Reserves as of June 30, 2002 are set forth on Exhibit A-1. Methodology for Calculation of Final Section A Premium It is understood that the Loss Reserve analysis will be performed by Retrocessionaire's employees under the direction of Retrocedant and reviewed by Retrocedant's employees. Excluding catastrophes, the IBNR component of Loss Reserves will be booked, by Class of Business, to the planned IBNR. Planned IBNR is determined using the Xxxxxxxxxxx-Xxxxxxxx methodology, using the planned loss ratio (adjusted for the difference between actual and planned commission and brokerage) as the initial expected loss ratio and the development pattern used for the class in the September 30, 2002 analysis. In the case of a Class of Business where the expected reported losses are less than 75% of the expected ultimate losses, as per the loss development patterns in use as of September 30, 2002, the IBNR will not be less than that amount needed to produce an ultimate loss ratio equal to the ultimate plan loss ratio (adjusted for the difference between actual and planned commission and brokerage). In addition to the above, known large events and catastrophe variances from plan as of the Effective Date will be added to the ultimate losses. Subsequent adjustments to the reserves for known large events and catastrophe variances from plan in the 90 days following the Effective Date could be upward or downward. Calculation Methodology for Earned But Not Yet Billed Premium Earned But Not Yet Billed Premium shall equal estimated premiums receivable with respect to the Reinsurance Contracts n...

Reinsurance company means an insurance company engaged exclusively in reinsurance activities;