A formal written agreement that is negotiated and signed by a ceding company and a reinsurer and that establishes the terms and conditions by which risk can be submitted for reinsurance.
An agreement existing between two or more insurance companies whereby they agree to share large insurance risks. A contract between two insurers under which one, the insurer, agrees to reinsure risks written by the other, subject to the conditions of the contract.
A reinsurance contract under which the reinsured company agrees to CEDE and the REINSURER agrees to ASSUME risks of a particular class or classes of business.
An agreement between a reinsurer and a ceding insurer setting forth details of the reinsurance agreement.
A reinsurance agreement between an insurance company and a reinsurer, usually for one year or longer, which may be divided into two broad classifications: 1)The participating type which provides for sharing of risks between the ceding company and the reinsurer; and 2)The excess type which provides for indemnity by the reinsurer only for loss which exceeds some specified predetermined amount.
A contract between two insurers whereby defined risks insured by one party are reinsured by the other to an extent specified by the contract.
A detailed legal contract defining the reinsurance agreement between an insurer and reinsurer.
A broadly worded statement of an on-going agreement between a reinsurer and a ceding company. The three common types of reinsurance treaties are automatic, facultative, and facultative-obligatory. Usually just called a treaty.
The Reinsurance Treaty (June 18 1887) was an attempt by Bismarck to continue to ally with Russia after the League of the Three Emperors broke down.
