Reinsurers Sample Clauses
Reinsurers. We assess the financial soundness of the proposed reinsurers we recommend for your requirements using public information including that produced by recognised rating agencies. However, we will not in any circumstances act as a reinsurer nor will we guarantee or otherwise warrant the solvency of any reinsurer. As a consequence the suitability of any reinsurer rests with you and we will discuss with you any concerns you may have. If requested, we will make available to you factual analysis prepared by the Xxxxxx Xxxxxx Xxxxxx Market Security Department in respect of reinsurers proposed to be used for your requirements. Further, we can consider market security enquiries on an ad hoc basis which may be subject to the agreement of additional remuneration. We will provide our claims handling services for the period of our appointment. These services can be continued beyond that point by mutual agreement, but will be subject to additional remuneration. Our claims handling services include, upon receiving the required information from you, the notification of the claim or circumstances to reinsurers, the communication of reports and correspondence in connection with the claim between appropriate parties and arranging the collection and/or settlement of the claim in accordance with market practice and the terms and conditions of your contract. Our claim handling services will not be provided in the event that claims are to be dealt with by you with reinsurers directly; however, we will provide you with advice and support as necessary. We may use third party claims handling services, however, where we intend to do so we shall inform you prior to the inception of the reinsurance contract. Where we collect claims payments these will be remitted to you as quickly as possible. However, we will not remit claims monies to you before we have received them from reinsurers. We advise that we may be granted authority by reinsurers, for example under a binding authority, managing general agency or a lineslip agreement, to settle claims on your reinsurance. We settle such claims made within the terms and conditions of the authority granted and your contract. It is our policy to refer claims to reinsurers for settlement decision where we are not able to settle the claim on a 100% basis. Further, if there is a conflict of interest we shall manage it in accordance with our conflicts policy – see Conflicts of Interest below.
Reinsurers. NAIC FEIN No. No. Through
Reinsurers. We assess the financial soundness of the proposed reinsurers we recommend for your requirements using public information including that produced by recognised rating agencies. However, we will not in any circumstances act as a reinsurer nor will we guarantee or otherwise warrant the solvency of any reinsurer. As a consequence the suitability of any reinsurer rests with you and we will discuss with you any concerns you may have. If requested, we will make available to you factual analysis prepared by the Gallagher Market Security Department in respect of reinsurers proposed to be used for your requirements. Further, we can consider market security enquiries on an ad hoc basis which may be subject to the agreement of additional remuneration.
Reinsurers. PARTICIPATIONS ----------------------------------------------------- -------------- American Re-Insurance Company, A Delaware Corporation 6.375% AXIS Specialty Limited 1.575 Everest Reinsurance Company 4.250 Hannover Re (Bermuda), Ltd. 3.000 Partner Reinsurance Company 5.100 PXRE Reinsurance Limited 1.000 Quanta Reinsurance Ltd. 7.500 Rosemont Reinsurance Limited 4.500 Swiss Re Underwriters Agency, Inc. (for Swiss Reinsurance America Corporation) 10.000 Swiss Reinsurance America Corporation 5.000 Transatlantic Reinsurance Company 21.250 XL Re Ltd 5.000 THROUGH XXXXXXXX LIMITED (PLACEMENT ONLY) Munchener Ruckversicherungs-Gesellschaft 5.950 Sirius International Insurance Corporation 2.000 THROUGH XXXXXXXX LIMITED AXA RE 15.000 Lloyd's Underwriters Per Signing Schedule 2.500 TOTAL 100.000% (LOGO) TABLE OF CONTENTS ARTICLE PAGE ------- ---- I Classes of Business Reinsured 1 II Commencement and Termination 1 III Territory (BRMA 51A) 2 IV Exclusions 2 V Retention and Limit 5 VI Reinstatement 5 VII Definitions 6 VIII Other Reinsurance 7 IX Loss Occurrence 7 X Loss Notices and Settlements 9 XI Salvage and Subrogation 9 XII Florida Hurricane Catastrophe Fund 9 XIII Reinsurance Premium 10 XIV Late Payments 11 XV Offset (BRMA 36D) 12 XVI Access to Records (BRMA 1D) 12 XVII Liability of the Reinsurer 12 XVIII Net Retained Lines (BRMA 32E) 12 XIX Errors and Omissions (BRMA 14F) 13 XX Currency (BRMA 12A) 13 XXI Taxes (BRMA 50C) 13 XXII Federal Excise Tax 13 XXIII Reserves 14 XXIV Insolvency 15 XXV Arbitration 16 XXVI Service of Suit 17 XXVII Agency Agreement 17 XXVIII Governing Law 18 XXIX Confidentiality 18 XXX Severability 18 XXXI Intermediary (BRMA 23A) 18 Schedule A (LOGO) EXCESS CATASTROPHE REINSURANCE CONTRACT EFFECTIVE: JUNE 1, 2005 issued to Philadelphia Insurance Company Bala Cynwyd, Pennsylvania Philadelphia Indemnity Insurance Company Bala Cynwyd, Pennsylvania and any and all other companies which are now or may hereafter become member companies of Philadelphia Insurance Companies (hereinafter referred to collectively as the "Company") by The Subscribing Reinsurer(s) Executing the Interests and Liabilities Agreement(s) Attached Hereto (hereinafter referred to as the "Reinsurer")
Reinsurers. NAIC FEIN No. No. Through Minet Re North America Share
Reinsurers. All of the reinsurance agreements referred to above shall operate independently of one another, except where specifically indicated in the agreements. =====================================================================================================================================
Reinsurers. All of the reinsurance agreements referred to above shall operate independently of one another, except where specifically indicated in the agreements.
Reinsurers. PARTICIPATIONS ---------- -------------- ACE Tempest Reinsurance Ltd. 2.00% Amlin Bermuda Limited 8.75 Ariel Reinsurance Company Limited 5.00 Xxxxxx Insurance Company Ltd. 2.50 Flagstone Reinsurance Limited 15.00 Hannover Re (Bermuda), Ltd. 6.00 Harbor Point Services Inc. (for Federal Insurance Company) 8.00 Montpelier Reinsurance Limited 5.00 Partner Reinsurance Company 9.00 Platinum Underwriters Reinsurance, Inc. 2.00 Swiss Reinsurance America Corporation 7.50 Transatlantic Reinsurance Company 5.00 THROUGH XXXXXXXX LIMITED (PLACEMENT ONLY) AXA RE 6.00 THROUGH XXXXXXXX LIMITED Lloyd's Underwriters Per Signing Schedule 18.25 TOTAL 100.00% (XXXXXXXX LOGO) Third Excess Catastrophe Reinsurance
Reinsurers. THROUGH INTERE - SAN FRANCISCO Underwriters Reinsurance Company 100.00% TOTAL PLACEMENT: 100.00% We will periodically provide a list of those companies with which Intere Intermediaries is affiliated, which may be parties to this placement. This list is available on request. COVER NOTE NO.: SF961001 DATE: March 13, 1996 For and on behalf of: INTERE INTERMEDIARIES [SIG] --------------------------------- Chairman AGREED TO: ALPINE INSURANCE COMPANY TRANSCO SYNDICATE #1 [SIG] May 31, 1996 --------------------------------- --------------------------------- Authorized Signature Date Please examine this document carefully and advise us immediately if any of the Terms and Conditions or the security are not in accordance with your order or requirements. ALPINE INSURANCE COMPANY TRANSCO SYNDICATE #1 Second Casualty Excess of Loss Reinsurance Agreement Effective: January 1, 1996
Reinsurers. Funds Withheld Account (Reserves multiplied by the $ quota share percentage) as of the last day of the current month. REINSURER'S Funds Withheld Account (Reserves multiplied by the $ quota share percentage) as of the last day of the preceding month. Change in REINSURER'S Funds Withheld Account. $ ___________ Gross Investment Income (on REINSURER'S Funds Withheld $ Account) as defined in C.3. Net amount due (Monthly net cash flow plus Gross Investment Income $ minus the Change in REINSURER'S Funds Withheld Account).