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 ?
It provides historical values for Russia's reinsurance segment for the report's 2009C 2013 review period and forecast figures for the 2013C 2018 forecast period.
However, as noted in the NAIC Reinsurance Task Force of the Financial Condition (E) Committee U.
Guy Carpenter & Company, LLC is the world's leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies.
CO: CIGNA Reinsurance; Security Life Reinsurance ST: Connecticut,
Aspen is a Bermudian holding company that provides property and casualty reinsurance in the global market, property and liability insurance principally in the United Kingdom and the United States and specialty insurance and reinsurance consisting mainly of marine and energy and aviation worldwide.
Last year's hurricanes bolstered the presence of the reinsurance sector in Bermuda.
In addition to working with high caliber professionals, clients of Transamerica Reinsurance Europe benefit from the company's strong and stable financial position.
After the losses from Katrina, capital in the reinsurance market became constrained, making the idea of sidecars even more interesting, Millette said.
Newman, president and chief executive officer of Underwriters Reinsurance, stated: "Alleghany's financial strength and integrity will further assure the marketplace of our long-term stability and permit Underwriters Reinsurance to continue to provide high-quality service to our clients.
Transamerica International Reinsurance Ireland Limited (TIRI) was formed in 2001 as a permanently established entity in the International Financial Services Center of Dublin, Ireland to provide an additional underwriting facility for Transamerica Reinsurance's business.
While traditional reinsurance is a way for insurance companies to share risk and future losses, finite reinsurance, which is also called structured finance, can even be used to cover losses that have already happened.