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If the reinsurer were running low on reserves, the government would step in to pay claims.
"We know of no reinsurer that is offering to provide terrorist coverage."
A reinsurer may also be a direct writer of insurance risks as well.
The reinsurer may have a greater risk appetite than the insurer.
The Government said today that it would act temporarily as a reinsurer, paying damages above a certain level.
The reinsurer, forming a pool that covered many employees, would spread the risk and thus lower rates.
What insurers need is a reinsurer of last resort, one that will be present at all times."
Operating from a table just off the lobby bar, they finally lined up a European reinsurer, at high cost.
Introductory services bring together people who want to purchase insurance with an insurer or reinsurer.
In return for this backstop, the reinsurer would pay the Treasury a premium.
American Reinsurnce is the nation's third-largest reinsurer, with $4.15 billion in assets.
As a reinsurer, Everest helps insurance companies underwrite their own risks.
Its insurance businesses, including the reinsurer General Re, earned money in the first quarter.
The risks are diversified, with the reinsurer bearing some of the loss incurred by the insurance company.
In general, the reinsurer may be able to cover the risk at a lower premium than the insurer because:
The reinsurer will also wish to apply this expertise to the underwriting in order to protect their own interests.
It is not unusual for a reinsurer to buy reinsurance protection from other reinsurers.
American Centennial is a property and casualty reinsurer.
In 1929, General Reinsurance affirmed that it would be only a direct reinsurer.
Under German law, the transfer of a nuclear risk of an insurer to a reinsurer is prohibited.
It may be better to pass some risk to a reinsurer as this will reduce the ceding company's exposure to risk.
The reinsurer may have some intrinsic cost advantage due to economies of scale or some other efficiency.
The reinsurer may have a more diverse portfolio of assets and especially liabilities than the cedant.
The company had originally planned to use $100 million to increase the reinsurer's capital base and to spend $173 million to deleverage.
Depending on the regulations imposed on the reinsurer, this may mean they can hold fewer assets to cover the risk.