DailyStocks.com
Sign up   Log In
Forgot Password
MyDailyStocks
Make Me Your Home Page
What's New
Site Map
Help
FAQ
  
MARKETS OTCBB NEWS STOCKS EDUCATION SAVING FINANCE SITE PORTAL
FREE MONTHLY NEWSLETTER DAILY HOT MICROCAPS LARGE CAP GROWTH STOCKS INSIDER BUYING SOCIAL MEDIA STOCKWATCH MAJOR FUNDS BUYING
Symbol:
You are not logged in
Bookmark and Share

Market Snapshot
Overview
Market Momentum
Nasdaq 100
Dow 30
Commodities
Isdex Index
FOREX
ETF QUOTES
52 Week Highs
NYSE
NASDAQ
AMEX
OTCBB
52 Week Lows
NYSE
NASDAQ
AMEX
OTCBB
Volume Leaders
NYSE
NASDAQ
AMEX
OTCBB
PRICE < $10
PRICE > $10
Indices
Price Advances
NYSE
NASDAQ
AMEX
$2 - $5 RANGE
$5 - $10 RANGE
$10 - $500 RANGE
VOLUME < 500K
VOLUME > 500K
OTCBB
Price Declines
NYSE
NASDAQ
AMEX
$2 - $5 RANGE
$5 - $10 RANGE
$10 - $500 RANGE
VOLUME < 500K
VOLUME > 500K
OTCBB
Percent Advances
NYSE
NASDAQ
AMEX
$2 - $5 RANGE
$5 - $10 RANGE
$10 - $500 RANGE
VOLUME < 500K
VOLUME > 500K
OTCBB
Percent Declines
NYSE
NASDAQ
AMEX
$2 - $5 RANGE
$5 - $10 RANGE
$10 - $500 RANGE
VOLUME < 500K
VOLUME > 500K
OTCBB
Symbol Lookup
Custom Quotes
Custom Portfolio
Support Page

GLOSSARY: Enter search term:
Browse dictionary by letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Glossary Term: REINSURANCE

Definition(s) for REINSURANCE:


1. ) term used to refer to the spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.

2. ) Reinsurance is the transfer, with indemni- fication, of all or part of the underwriting risk from one insurer to another for a portion of the premium or other consideration. Reinsurance contacts may be on an excessof- loss or quota-share basis, the latter being when the primary underwriter and the reinsurer proportionately share all insured losses from the first dollar. Reinsurance includes insurance coverage arranged by a bank holding

3. ) An Arrangement In Which A Reinsurance Company, The Reinsurer, Agrees To Indemnify Another Insurance Or Reinsurance Company, The Ceding Company, Against All Or A Portion Of The Insurance Or Reinsurance Risks Underwritten By The Ceding Company Under One Or More Policies. Reinsurance Can Provide A Ceding Company With Several Benefits, Including A Reduction In Net Liability On Individual Risks And Catastrophe Protection From Large Or Multiple Losses. Reinsurance Also Provides A Ceding Company With Additional Underwriting Capacity By Permitting It To Accept Larger Risks And Write More Business Than Would Be Possible Without A Concomitant Increase In Capital And Surplus, And Facilitates The Maintenance Of Acceptable Financial Ratios By The Ceding Company. Reinsurance Does Not Legally Discharge The Primary Insurer From Its Liability With Respect To Its Obligations To The Insured.


See Also:
REINSURANCE RECOVERABLES, TREATY REINSURANCE, CATASTROPHE REINSURANCE, FACULTATIVE REINSURANCE, NON-PROPORTIONAL REINSURANCE, PROPORTIONAL REINSURANCE, QUOTA SHARE REINSURANCE



Content Library
News
Insider Buys and Activist Buys
RESEARCH
Stock Search Engine
Guide to Financial Sites
FAQ
Investors Research Portal
Glossary
Company Overviews
Education
Forums
Work with DailyStocks
License our Glossary
Write for us
Feedback
Partners & Sponsors
InvestingChannel
COPYRIGHT© 1997-2012 DailyStocks. All Rights Reserved. Privacy Policy.
Link to this page http://www.dailystocks.com/glossary_words/REINSURANCE.htm, notify us and we will consider your web site to our directory