In a captive reinsurance structure, the mortgage insurer cedes
a portion of its premium income to a special trust set up to cover an agreed upon share of losses from a pool of mortgages.
through a wholly owned subsidiary, have entered into a retrocessional agreement under which Prudential Reinsurance will cede
a portion of this newly produced business to the aforementioned CII Financial subsidiary.
Legion issues a policy to the insured, retains a small portion of the underwriting risk for its own account, and then cedes
IHC currently insures approximately 30% of this business, and cedes
10% of this to Independence American.
The annex declares withdrawals of up to 365 million gallons of water too small to regulate, has no enforcement mechanisms for its proclaimed lofty goals of improving the Great Lakes watershed, and, ultimately, cedes all authority to regulate water exports to the World Trade Organization in the Hague, Netherlands.
Perhaps the reason the annex writers didn't bother drawing up penalties or enforcement procedures is because they know such regulations would be a waste of time, since the annex cedes authority over the lakes to the WTO.
SBLI of MA cedes
only the portion of the policy not covered by third-party reinsurance to SBLI Re.
NYSE: ROK) announced today that it has reached a definitive agreement to acquire the Safety and Automation business of CEDES AG.
The CEDES Safety and Automation business is headquartered in Landquart, Switzerland with sales offices primarily across Europe.
about 26% of its gross par insured to various reinsurance companies, which is high relative to its industry peers.