Reinsurance Counterparty definition

Reinsurance Counterparty has the meaning set forth in the recitals.
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Reinsurance Counterparty means a reinsurance company with whom any Regulated Insurance Subsidiary has entered into a Reinsurance Agreement.
Sample 1

Examples of Reinsurance Counterparty in a sentence

  • Under Prudential Standard GPS 310 Audit and Related Matters (GPS 310), the Group Auditor of a Level 2 insurance group is not required to provide a limited assurance review in relation to information provided by the parent entity of a Level 2 insurance group under Reporting Standard GRS 460.1 Exposure Analysis by Reinsurance Counterparty (Level 2 Insurance Group).

  • MS Amlin AG has a balanced attitude appetite to Reinsurance Counterparty Credit Risk, which emanates from use of reinsurance to protect the company against severe catastrophic events and other scenarios.

  • Reinsurance Counterparty Credit Risks - Practical Suggestions for Pricing, Reserving and Capital Modelling.

  • Audit matters As a result of Insurance (exemption) determination No. 2 of 2013, the Appointed Auditor of a general insurer is not required to audit, or provide a certificate in relation to, information provided by a general insurer under Reporting Standard GRS 460.1 Exposure Analysis by Reinsurance Counterparty.

  • Reinsurance Counterparty RiskRisk Definition and Appetite Reinsurance purchase exposes the business to losses on recoveries, from either an inability or unwillingness to pay on the part of reinsurers.

  • Reinsurance Counterparty Credit Risk (RCC) Counterparty credit risk is the risk associated with a loss or potential loss from counterparties failing to fulfill their financial obligations.

  • Risk categorySub-risk for which economic capital is derived Credit RiskCredit default risk * Concentration risk *Reinsurance Counterparty riskMarket RiskTrading risk *Asset and Liability Mismatch (ALM) risk Insurance market riskAllianz associate riskProperty riskOperational RiskOperational risk *Insurance RiskMortality riskLongevity risk Morbidity riskOther RisksBusiness risk* Pillar I capital is also determined for these risks.

  • MS Amlin AG has a risk-seeking appetite with a desire to maintain Reinsurance Counterparty Credit Risk relatively consistent with current exposures, which emanates from use of reinsurance to protect the company against severe catastrophic events and other scenarios.

  • APRA, however, may exercise its power under GPS 310 to require the Appointed Auditor or Group Auditor to undertake a special purpose review of the systems, processes and controls surrounding the completion of GRF 460.1 and Reporting Form GRF 460.1_G Exposure Analysis by Reinsurance Counterparty (G) (GRF 460.0_G), or the data contained within GRF 460.1 and GRF 460.1_G.

  • To manage external Reinsurance Counterparty Credit Risk, Aspen follows a credit risk limit framework which translates its risk tolerance objective into measurable criteria and defines the maximum credit exposure to a single reinsurer or group of reinsurers.

Related to Reinsurance Counterparty

  • Insurance Contract means a contract (other than an Annuity Contract) under which the issuer agrees to pay an amount upon the occurrence of a specified contingency involving mortality, morbidity, accident, liability, or property risk.

  • Reinsurance Agreement means any agreement, contract, treaty, certificate or other arrangement whereby any Regulated Insurance Company agrees to transfer, cede or retrocede to another insurer or reinsurer all or part of the liability assumed or assets held by such Regulated Insurance Company under a policy or policies of insurance issued by such Regulated Insurance Company or under a reinsurance agreement assumed by such Regulated Insurance Company.

  • variable insurance contract means a contract of life insurance under which the interest of the purchaser is valued for purposes of conversion or surrender by reference to the value of a proportionate interest in a specified portfolio of assets.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • 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 Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Policy Provider means MBIA Insurance Corporation, or any successor thereto.

  • Derivative Counterparty means any party to any Derivative Agreement other than the Issuer or the Indenture Trustee.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Reinsurer has the meaning set forth in the preamble.

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.

  • Cash Value Insurance Contract means an Insurance Contract (other than an indemnity reinsurance contract between two insurance companies) that has a Cash Value greater than $50,000.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Insurance Contracts means all contracts and policies of insurance and re-insurance maintained or required to be maintained by or on behalf of any Grantor under the Loan Documents.

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • Acceptable Counterparty means any counterparty to the Interest Rate Cap Agreement that has and shall maintain, until the expiration of the applicable Interest Rate Cap Agreement, a long-term unsecured debt rating of at least “A+” by S&P and “Aa3” from Xxxxx’x, which rating shall not include a “t” or otherwise reflect a termination risk and is otherwise reasonably acceptable to Lender.

  • Reinsurers shall be understood to mean “Reinsurers”, “Underwriters” or whatever other term is used in the attached reinsurance document to designate the reinsurer or reinsurers.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Insurance Assignment each collateral assignment of insurance pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s rights under key-man life, business interruption or other insurance policies as Agent deems appropriate, as security for the Obligations.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • reinsurance undertaking means reinsurance undertaking as defined in point (4) of Article 13 of Directive 2009/138/EC;

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Ceding Company has the meaning set forth in the preamble.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Swap Provider means any Person that, at the time it enters into a Swap Agreement is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap Agreement.