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Then the insurance company, which settled with the church in March 1995, refused to reinsure it.
This is essential because frequently one insurance company will reinsure with another, and all information must be shared.
The government would then reinsure these securities, only paying claims to shareholders if the company is "entirely wiped out."
They told me that they could only insure the car for 30-day periods and that I would have to reinsure it.
Hence the search for the mother pepper, to reinsure a highly profitable agricultural industry and a food now beloved around most of the globe.
And to cope with the incredibly unlikely event of the whole system running through its capital, the Government would reinsure the reinsurers.
Onshore reinsurance companies may also incorporate an offshore subsidiary to reinsure catastrophic risks.
The syndicates, in turn, would be required to reinsure with other syndicates against losses of a magnitude that could tap them out.
- was answered and a plan to reinsure its pre-1993 liabilities into a new company, Equitas, appeared certain to go ahead.
Insurers in the UK can reinsure with Pool Re.
May the fireplug of filiality reinsure your bunghole!
It has tried to undercut, has been badly hit by a long series of small fires, and it hasn't been able to reinsure.
It, too, insures only to $1 million, Mr. Egnew says, and "we reinsure above that" with commercial companies.
Mr. Rowland is trying to win support among the market's 34,000 investors for proposals to reinsure the past losses into a new company called Equitas.
Despite his assurances that his potential liability is zero, hard-headed insurance actuaries would charge the Justice more than $1 million to reinsure his risk.
When the Prudential Insurance Company of America sold its health care unit, the parent agreed to reinsure Aetna against certain expected future losses.
Tempest was formed in 1993 by the General Re Corporation of Stamford, Conn., to reinsure against property catastrophes.
The cell may issue insurance or annuity contracts, reinsure such contracts, or facilitate the securitization of obligations of a sponsoring insurance company.
Your article, 'Leaking at the seams'(January 26th), made reference to the vehicle being set up by the council of Lloyd's to reinsure open years of account.
The government, therefore, established the Kenya Reinsurance Corporation in 1971 and decreed that all underwriters reinsure part of their business with Kenya Re.
Government regulations passed in 1929 required all insurance companies to reinsure 30% of each policy with the Millî Reasürans T.A.Ş.
Lloyd's $4.8 billion restructuring plan seeks to end lawsuits, aid investors who suffered disproportionate losses and reinsure the investors' pre-1993 liabilities through a new unit, called Equitas.
Lloyd's is a self-regulated insurance market, functioning somewhat like a stock market, with about 365 syndicates that underwrite and reinsure insurance policies for individuals and companies around the world.
It was set up in 1996 specifically to reinsure liabilities that had accumulated in the syndicates at Lloyd's of London on policies written from the 1930s up to and including 1992.
The former chairman, Sir Peter Green, was censured for his involvement in an offshore firm that was used to reinsure policies initially underwritten by his own syndicates at Lloyd's.