Our Glossary database contains definitions of insurance and reinsurance terms. Browse the manual glossary 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 Note:While every effort has been made to ensure the reinsurance glossary contains accurate and up-to-date reinsurance...
More Definitions ofReinsurance Transaction Reinsurance Transactionhas the meaning set forth in Section 5.21(b). Sample 1Sample 2 Reinsurance Transactionmeans a reinsurance transactionentered intobetween Continental and RCH and/or HRpursuant towhich Continental shall receive aceding allowanceof an amount sati...
and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks ...
1. Functions, Definitions, and Types of Reinsurance Historical background The Functions of Reinsurance Fronting Retrocession A Legal Definition of Reinsura... C Edelman - 《Oup Catalogue》 被引量: 0发表: 2021年 2 The Formation of the Reinsurance Contract This chapter discusses the formation of th...
Many CAT XL treaties have Loss Occurrence definitions that allow for the aggregation of losses arising from “one event.” The following language is typical: “Loss Occurrence means the sum of all individual losses directly occasioned by any one disaster, accident or loss or series of disasters,...
3. TERMS AND DEFINITIONS3.1. Standard terms and definitionsSee UNTDID, Part 4, Chapter 2.6 UN/ECE UNSM - General Introduction, Section 2.4. MESSAGE DEFINITION4.1. Data Segment ClarificationThis section should be read in conjunction with the Segment Table which indicates mandatory, conditional and...
3.1. Standard terms and definitionsSee UNTDID, Part 4, Chapter 2.6 UN/ECE UNSM - General Introduction, Section 2.4. MESSAGE DEFINITION4.1. Data Segment ClarificationThis section should be read in conjunction with the Segment Table which indicate mandatory, conditional and repeating requirements....
2 Definitions 2.1 "you/your" means (as appropriate) the Visitor, Registered User and/or Subscriber accessing a Site or using a Service. 2.2 "we/us/our" means RMG, as appropriate in accordance with Clause 1.2 above. 2.3 “Agent” means an employee, partner, director, contractor, agent or...
Evaluating Variations in Contract Terms for Casualty Clash Reinsurance TreatiesThe authors examine variations in event definitions and commutation clauses which are commonly encountered in casualty catastrophe reinsurance contracts in the market today. Changes in these aspects of the contract may affect the...
TheReinsurance Managershall take reasonable steps to ensure fair treatment for Parent and its subsidiaries, and shall ensure that any such transactions are effected on terms which are not materially less favorable to Parent and its subsidiaries than if the potential conflict had not existed. ...