Reinsurance definition

Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Reinsurance means an insurance transaction where an insurer, for consideration, transfers any portion of the risk it has assumed to another insurer. In referring to reinsurance transactions, this title sometimes refers to:

Reinsurance means either of the following:

Examples of Reinsurance in a sentence

• If the Insured as Beneficiary withdraws any Asset to satisfy the Subscribing Reinsurer's obligations (a "Specific Obligation") due under any Contract or Additional Reinsurance Contract, as to only the Specific Obligation, the Subscribing Reinsurer shall not have any further obligation to the Company or Additional Company with respect to the Specific Obligation.

• The Assumption of Liability Endorsement and the Reinsurance Trust Agreement are attached to each Subscribing Reinsurer's Interests and Liabilities Agreement, and form part of and are incorporated into this Contract as Exhibit B and Exhibit C, respectively, for each Subscribing Reinsurer.

• Legislation passed during Special Session 2022D (Ch. 2022-268, L.O.F.) authorized transfers of up to $2 billion from the General Revenue Fund to the State Board of Administration (SBA) to cover the state’s financial obligations resulting from the Reinsurance to Assist Policyholders (RAP) Program, and up to $5 million for the administration of the program and post-event examinations for covered events that require RAP coverage.

• We now operate as one segment — Aon United — that includes all of Aon's four principal products and services: Commercial Risk Solutions, Reinsurance Solutions, Health Solutions, and Wealth Solutions.

• Aon operates under a single P/L with four revenue streams: Commercial Risk Solutions, Reinsurance Solutions, Health Solutions, and Wealth Solutions.

More Definitions of Reinsurance

Reinsurance means an insurance transaction where an insurer, for

Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd’s, the activity consisting in accepting risks, ceded by any member of Lloyd’s, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd’s;

Reinsurance means insurance purchased by the Authority as part of an insurance program to cover that portion of any loss which exceeds the joint funding capacity of that program.

Reinsurance means a risk-sharing program provided by AHCCCS to contractors for the reimbursement of specified contract service costs incurred by a member beyond a certain monetary threshold.

Reinsurance means an arrangement in which an insurance 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 means one of the following:

Reinsurance means a contract, binder of coverage including placement slip, or arrangement under which an insurer procures insurance for itself in another insurer as to all or part of an insurance risk of the originating insurer.