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captive reinsurance company |
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captive reinsurance company, a reinsurance company organized to serve only one client. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Though transaction structures may vary from deal to deal, XXX securitizations generally involve the formation of a new captive reinsurance company by a life insurer. IRM also established its own captive reinsurance company, Hopewell, through which captives under its management could obtain reinsurance protection and also share in its ownership. In short, lenders owning captive reinsurance companies should provide consumers with an "AfBA-like" disclosure that informs consumers of the affiliated arrangement and makes clear that the use of the captive reinsurance company is not required. |
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