Reinsurance Recoverables definition

Reinsurance Recoverables means the amount of reinsurance recoverables that are actually collected under Ceded Reinsurance.

Reinsurance Recoverables means all amounts due or payable to the Ceding Company under the Existing Reinsurance Agreements, including all recoverables, returns, amounts in respect of profit sharing and all other sums to which the Ceding Company may be entitled under the Existing Reinsurance Agreements. [REDACTED]

Reinsurance Recoverables means all amounts due under reinsurance agreements entered into with Unaffiliated Reinsurers relating to the Reinsured Contracts, including all receivables, recoverables, returns, amounts in respect of profit sharing and all other sums to which Cedent may be entitled under the third party reinsurance agreements except to the extent related to reinsurance recoverables for Excluded Liabilities.

Examples of Reinsurance Recoverables in a sentence

• For so long as the Administrative Services Agreement remains in effect, the Reinsurer (or the Administrator) shall have the right in accordance with the terms thereof to collect all Third Party Reinsurance Recoverables on behalf of Aspen and to make any payments due or owing by Aspen to any counterparty pursuant to any Third Party Reinsurance Agreement to the extent applicable to Covered Losses.

• Such interest charge shall be equal to the rate of interest announced by Citibank, N.A. as its prime or base rate as of the statement date, calculated on the basis of the actual number of days elapsed since the Uncollectible Reinsurance Recoverables accrued or the Closing Date, whichever is less, divided by three-hundred-and-sixty-five (365) days.

• Notwithstanding the foregoing, the Reinsurer acknowledges that none of Aspen or Aspen Parent has made or is making any representation or warranty, express or implied, that [***]of Third Party Reinsurance Recoverables will actually be collected.

• Reinsurance Recoverables The majority of the Company's reinsurance recoverables resulted from acquisition and disposition transactions in which the underwriting company was not acquired.

• Notwithstanding the foregoing, with respect to any Third Party Reinsurance Agreements and Third Party Reinsurance Recoverables applicable to both the Subject Business and other business of Aspen (“Shared Outward Reinsurance”), the terms of Schedule 9.3 shall apply.

More Definitions of Reinsurance Recoverables

Reinsurance Recoverables means any amount that an insurer is entitled to recover, but has yet to recover, from its reinsurance counterparty in respect of claims that have been paid by the insurer;

Reinsurance Recoverables means all amounts receivable by the Cedant under the Current Third Party Reinsurance Contracts to the extent relating to the Reinsured Policies pursuant to the terms and conditions of such Current Third Party Reinsurance Contracts as set forth on Schedule 1.1(d) hereof, in each case, whether or not collected.

Reinsurance Recoverables has the meaning set forth in the Reinsurance Agreement.

Reinsurance Recoverables means the amount as of the Effective Time equal to the “Amounts Recoverable from Reinsurers” (page 2, line 16.1) and “Other Amounts Receivable Under Reinsurance Contracts” (page 2, line 16.3) components of item B.4 of the Closing Net Settlement Statement as finally determined pursuant to Section 2.6 of the Master Agreement with respect to the Affected Policies.

Reinsurance Recoverables has the meaning set forth in Section 3.1(c)(iv).

Reinsurance Recoverables means all amounts when due under Third Party Reinsurance Contracts including all receivables, recoverables, returns, amounts in respect of profit sharing and all other sums to which Seller Insurer Party may be entitled under the Third Party Reinsurance Contracts except to the extent related to reinsurance recoverables for Excluded Liabilities.

Reinsurance Recoverables means, with respect to the Company, the aggregate of all amounts recoverable from reinsurers with respect to the Reinsured Contracts, determined in accordance with Applicable SAP and appropriately includable on lines 12.1, 12.2, 12.3 and 12.4 of the Assets page of the NAIC Annual Statement Blank or in comparable line items in successor NAIC annual statement blanks.