must address not only the text of such clauses but must also consider if the law governing the reinsurance will give effect to them.
Earnings volatility, the threat that reinsurers
remove from their clients, is the bete noire of the business community.
A second, non-collateralized reinsurer
formed by Citadel, New Castle Reinsurance Co Ltd, in 2005 will remain open, the source said.
However, reinsurance premiums paid by the captive to a foreign reinsurer
would be subject to the FET.
Hard market pricing combined with the large number of reinsurer
downgrades has given many buyers pause when selecting reinsurance partners.
did not respond Wednesday to a request for comment on the suit.
What basic precautions can international insurers and reinsurers
in the group -- Endurance Reinsurance Corp.
This would typically be done through face-to-face meetings between the reinsurer
and the primary company's engineering, underwriting and claims professionals.
income tax treaties exempt policies issued by a foreign insurer or reinsurer
from the tax if they meet certain requirements.
Risk managers may gain access to reinsurers
by working through organizations with existing reinsurer
relationships, such as insurance companies or reinsurance brokers.
While both insurers and reinsurers
will probably see regulatory capital levels rise, Simmons said reinsurers
have already addressed capital levels for rating-agency purposes, so he wouldn't expect a reinsurer
of any size to be significantly challenged by Solvency II's regulations.
Unfortunately, you may sign a contract with a seemingly healthy reinsurer
today only to find out tomorrow that it has spun off a group of assets, including your contract.
With facultative reinsurance, an insurer cedes to the reinsurer
part or all of the risk under a specified policy.
Mounis will bring almost 30 years of international reinsurance expertise to the company's European operations, having served in senior management posts with France's largest reinsurer