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Reinsurance is a means by which an insurance company can protect itself with other insurance companies against the risk of losses. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies. The company requesting the cover is called the cedant and the reinsurer can be called the ceded, although the latter term is not in common use. Functions of ReinsuranceThere are many reasons why an insurance company would choose to reinsure as part of its responsibility to manage a portfolio of risks for the benefit of its policyholders and investors. Risk transferThe main use of any insurer that might practice reinsurance is to allow the company to assume greater individual risks than its size would otherwise allow, and to protect a company against losses. Reinsurance allows an insurance company to offer higher limits of protection to a policyholder than its own assets would allow. For example, if the principal insurance company can write only $10 million in limits on any given policy, it can reinsure (or cede) the amount of the limits in excess of $10 million. Reinsurance’s highly refined uses in recent years include applications where reinsurance was used as part of a carefully planned hedge strategy. Income smoothingReinsurance can help to make an insurance company’s results more predictable by absorbing larger losses and reducing the amount of capital needed to provide coverage. From Wikipedia under the
GNU Free Documentation License  joslinrowe.com unknown ue, 14 Jul 2009 01:16:59 GM Reinsurance. Analyst - London - City - up to 35000. A leading Lloyds Syndicate are looking to recruit a . Reinsurance. Analyst/Technician to join their current team. Your role will be to aid the team in increasing the department's capabil.  washingtonwatch.com unknown hu, 25 Jun 2009 04:00:00 GM US Congress: S. 1363, The Nonadmitted and . Reinsurance. Reform Act of 2009.  kenyanjobs.blogspot.com jobsinkenya hu, 02 Jul 2009 03:44:00 GM Overview Our client is a successful . reinsurance. organisation providing a wide range of services to local and international insurers and seeks to recruit an accountant. Reporting to the Finance Manager the accountant's main ... From Google Blog Search: "Reinsurance"  news.google.com ClaimsJournal.com These losses were paid from $1.5 billion in reinsurance proceeds, the totality of TWIA reserves in its catastrophe reserve trust fund (CRTF), ... and more » news.google.com Danbury News Times The publicly traded reinsurance company, with more than 700 employees, expects to locate an office there by October, said Jeffrey Newman, executive vice ... and more » news.google.com RTT News Reinsurance segment achieved written premiums of GBP 97 million, higher than GBP 50.9 million in the previous year and Specialty lines wrote gross premiums ... From Google News Search: "Reinsurance" what is a reinsurance analyst? Q. What is a reinsurance analyst? And how the heck can waht they do be worth so much when it requires only a high school education? I have a friend who is a reinsurance analyst, has h.s. diploma and is currently earing about $30,000 more per year than I am with my Masters degree in Counseling. Is helping people so undervalued or is my friend just overpaid? Well, she started in the business about 15 years ago and still with same company, but still blows me away when she gets a $15,000 or $20,000 bonus every year when I have never seen one in my life and we are the same age!! I think no wonder our insurance cost so much if this is what they do with their money!!! Asked by dsjnix - Thu Mar 1 14:09:55 2007 - - 3 Answers - 0 Comments A. First of all, you need to understand what Reinsurance is. Reinsurance is a means by which an insurance company can protect itself against the risk of losses with other insurance companies. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies. Much of the reinsurance for insurance companies in the U.S. is provided by Lloyd's of London, several Bermuda Reinsurance Companies, and other offshore or foreign reinsurance companies. A lot of the damage after Hurricane Katrina was paid for by Reinsurance Companies. Your policy might have been with State Farm but State… [cont.] Answered by Faye H - Thu Mar 1 14:30:10 2007 The Reinsurance Treaty? Q. I am writing a paper on the causes of World War One for University and it loosly alludes to the Reinsurance Treaty I cant seem to find info on it anyone have any info or at least where I can get info on it? Asked by Spartnagirlie - Fri Sep 8 19:09:15 2006 - - 1 Answers - 0 Comments A. It's called google Answered by Ghad Joe - Fri Sep 8 19:12:07 2006 what is reinsurance?
Q. what is reinsurance? Asked by Sarah P - Wed Mar 14 19:12:23 2007 - - 8 Answers - 0 Comments A. Laying off bets to spread the risk. Answered by Finbarr D - Wed Mar 14 19:15:02 2007 From Yahoo Answer Search: "Reinsurance"
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APREF
ReSys - Reinsurance Run-Off System
Ruschlikon - Centre for global dialogue