Examples of Reinsured Risks in a sentence
The following chart shows the terrorism risks insured, reinsured and retained by the Company at December 31, 2011: Risks insured Risks Reinsured Risks Retained TRIPRA: $650,000,000 in 85% reinsured by the U.S. Statutory deductible excess of $100,000,000 per Treasury above a statutoryoccurrence.
Other than with respect to the Post-Underwriting Conversion Policies, settlement with respect to amounts owed hereunder by the Reinsurer to the Company and by the Company to the Reinsurer shall be performed through the direct payment by the Reinsurer of Reinsured Risks and direct receipt by the Reinsurer of Recoveries on an ongoing basis in its capacity as Administrator under the Administrative Services Agreement.
This procedure should identify and acknowledge the company as ‘a company under restructuring’.
The following chart shows the terrorism risks insured, reinsured and retained by the Company at December 31, 2011: Risks insured Risks Reinsured Risks Retained TRIPRA: $650,000,000 inexcess of $100,000,000 per occurrence.85% reinsured by the U.S. Treasury above a statutory deductible equal to 20% of direct earned premiumStatutory deductibleRisks insured Risks Reinsured Risks Retained 15% reinsured by Lexington Insurance Company.
The following chart shows the risks insured, reinsured and retained by the Company at December 31, 2011: Risks Insured: Risks Reinsured: Risks Retained: TRIPRA: $1.5 billion excess of $1.0 billion per occurrence, excess of$100,000 deductible/self- insured risk per occurrence.85% ($1,275 million) reinsured by theU.S. Treasury above a statutory deductible equal to a percentage of direct earned premiums.