reinsurance

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reinsurance

Managed Care A type of protection purchased by HMOs or providers from insurance companies specializing in underwriting specific risks for a stipulated premium

reinsurance,

n insurance for third-party payers to spread their risk for losses (claims paid) over a specified dollar amount.
References in periodicals archive ?
He added, "The insurance companies in Egypt prefer to deal with foreign re-insurance companies since they view Egypt's Insurance Company as a competitor.
And, in reality, the unremunerative nature of this business had already, well before that date, driven the availability and costs of this level of commodity re-insurance to very high levels.
Other options would be to get a capital injection from outside sources, or to renegotiate the re-insurance contract.
Data on cat re-insurance contracts since 1970 suggest that, first, re-insurance premiums have on average exceeded expected contract losses.
All 22 licensed insurance companies are needed to cede around 15% of their re-insurance business to a local re-insurance company according to the nation's Insurance Amendment Act 2011.
Global re-insurance companies have traditionally conducted business in the region by placing the business through international markets, mainly in London, which has resulted in higher costs and less efficiency when underwriting the risk.
March 12 /PRNewswire/ -- International Standards Group, Limited, (Nasdaq: ISGI) announced today that its wholly owned subsidiary, American Indemnity Company (AIC) has signed an agreement to provide re-insurance coverage off-shore.
Eliav spoke before several hundred attendees ranging from investment bankers, equity and hedge fund managers, private equity fund managers, lawyers and insurance and re-insurance company executives.
The Indian Energy Insurance Pool will fulfill the compulsions arriving due to the re-insurance pledges concerning the assets of the companies involved in oil imports.
Without a continuation of some form of government re-insurance support, the insurance market will not be able to respond fully in the event of a catastrophic terrorism loss," said a 2005 report by Marsh Inc.
District Court in Manhattan, seeks damages on behalf of Chuhb, American Re-Insurance Co.
Current discussions, between the experienced management team of the Nevele, which will remain in place, and Congress Re-Insurance, include a proposed $5 million renovation for the Nevele to better effect an aggressive marketing program.