Retrocession Agreement definition

Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.
Retrocession Agreement means any agreement, contract, treaty or other arrangement (other than Surplus Relief Reinsurance) whereby any Insurance Subsidiary or any Subsidiary of such Insurance Subsidiary cedes reinsurance to other insurers (other than to another Insurance Subsidiary or any of its Subsidiaries).
Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaries, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaries under another Retrocession Agreement.

Examples of Retrocession Agreement in a sentence

  • Conditions 1 We will not indemnify You unless and until: a HM Treasury has certified that an event or events have been an Act of Terrorism; or b a Tribunal constituted under the terms of Schedule 3 to a Retrocession Agreement between Pool Reinsurance Company Ltd and HM Treasury has determined that an event or events have been an Act of Terrorism.

  • Platinum has assumed a one hundred percent (100%) quota share of the liabilities arising under the Contract, pursuant to a 100% Quota Share Retrocession Agreement, dated as of November 1, 2002, between Platinum and St. Xxxx.

  • Records may be memorialized on paper or can be stored in a variety of electronic or magneticformats, such as an optical disk or a hard drive.MetadataA description of a document i.e., data about the data relating to the context, form or content of the document and its management through time.

  • At an Extraordinary General Meeting held on 21 November 2014, amendments to the Retrocession Agreement between Pool Re and HM Government were approved by Members.

  • England • Addendum No. 1 effective April 1, 2003, to the Quota Share Retrocession Agreement dated as of March 27, 2003, between Platinum UK and Platinum Bermuda (the “Quota Share Agreement Addendum No. 1”) England • Addendum No. 2 effective March 27, 2003, to the Quota Share Retrocession Agreement dated as of March 27, 2003, between Platinum UK and Platinum Bermuda (the “Quota Share Agreement Addendum No. 2”) England • Investment Manager Agreement dated May 12, 2005 between Platinum UK and BlackRock.


More Definitions of Retrocession Agreement

Retrocession Agreement has the meaning set forth in the Recitals.
Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby any Insurance Subsidiary or any Subsidiary of any Insurances Subsidiary cedes reinsurance to other insurers (other than to another Insurance Subsidiary or a Subsidiary of another Insurance Subsidiary).
Retrocession Agreement has the meaning assigned to that term in the Preliminary Statements.
Retrocession Agreement has the meaning given to such term in Clause 22.2 (Financial Definitions).
Retrocession Agreement means that certain Aggregate Stop‑Loss Retrocession Agreement, by and between AmTrust (or Affiliate thereof), National General (or Affiliate thereof) and ACP, to be entered into in connection with the Closing, as amended, restated, supplemented or otherwise modified from time to time.
Retrocession Agreement means the Retrocession Agreement to be entered into by MONY and AXA Equitable Life Insurance Company prior to the Closing, substantially in the form of Exhibit E hereto.
Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement. “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Term SOFR Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. “Revolving Credit Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving Loans and such Xxxxxx’s participation in Swing Line Loans and Letters of Credit at such time. “Revolving Loan” has the meaning specified in Section 2.01. “Revolving Loan Note” means a promissory note made by the Borrower in favor of a Lender evidencing Revolving Loans made by such Lender, substantially in the form of Exhibit C. “Revolving Loan Notice” means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Term SOFR Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A or such other form as may be approved by the Administrative Agent and reasonably acceptable to the Borrower (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. “S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc. and any successor thereto. “Sanctions” has the meaning specified in Section 5.23(a). “SAP” means, as to any insurance company, the statutory accounting practices prescribed or permitted by the applicable Department, or in the event that such Department fails to prescribe or address such practices, NAIC guidelines. “Scheduled Unavailability Date” has the meaning specified in Section 3.03(b). “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. “Securitization Vehicle” means one or more special purpose vehicles that are, directly or indirectly, wholly-owned Subsidiaries of the Borrower and are Persons organized for the limited purpose of entering