Retrocession Agreements definition
Examples of Retrocession Agreements in a sentence
Under the Quota Share Retrocession Agreements, we are assuming no premium or loss development on business entered into prior to January 1, 2002.
With respect to any Person, the liability of such Person under any futures contract or options contract, interest rate swap agreements and interest rate collar agreements and all other agreements or arrangements (other than Retrocession Agreements), designed to protect such Person against fluctuations in interest rates or currency exchange rates.
This Agreement shall continue in force unless and until the Retrocession Agreements and all Reinsurance Agreements shall have ceased to be in force for any purpose.
Each party hereto shall cooperate fully with the other in all reasonable respects in order to accomplish the objectives of this Agreement, including, without limitation, the conveyance of the benefits of the Covered Treaties, Ancillary Agreements and the Existing Retrocession Agreements, each in accordance with the terms of such agreements.
The liability of the Retrocessionaire towards the Retrocedant shall arise at the same time as and to the same extent as the Net Liability of the Retrocedant, such Net Liability being after all appropriate deductions for (1) claims upon the Inuring AXA RE Retrocession Agreements, subject to Article 4 below, and (2) salvage, subrogation and other recoveries received other than recoveries pursuant to the Inuring AXA RE Retrocession Agreements.