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BACK TO HOMEPAGE
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REINSURANCE
REINSURANCE CONTRACT WORDING
ORDERFORM
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BACK TO INTRO
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REINSURANCE
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INDEMNIFYING PROPERTY AND CASUALTY INSURERS
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AUTHOR: COMMITTEE
AND EDITORS
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1
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Reinsurance:
Indemnifying Insurers for Insurance
Losses--page
1
Protecting
policyholders with insurance, protecting insurance companies with
reinsurance, reinsurance regulation and markets, fundamentals of reinsurance
and customary practices.
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[CONTRACTS]
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JEAN
F. (Jeff) WEBB IV
Retired Senior
Vice President
PRUDENTIAL REINSURANCE COMPANY
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2
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The Pro Rata
Property Treaty--34
Origins and
functions of treaties, types of pro rata treaties, pricing, significant
concepts and practices: transfer of risk; retention warranties; coverage and
limits; attachment of liability; risk definition; following fortunes,
settlements, and original conditions; protecting the surplus treaty;
reporting transactions; termination; changes caused by 1992 Hurricane Andrew.
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MICHAEL
HOLLENBACH
Vice President
& Principal
TOWERS PERRIN REINSURANCE
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3
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Property Per Risk
Excess of Loss Reinsurance--78
Purposes and
characteristics, relationship to other reinsurance, determining retention and
limit, common contract provisions, rating plans, comparison to pro rata
reinsurance.
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RICHARD
M. SHAW
Assistant Vice President & Associate General Counsel
RELIANCE INSURANCE COMPANY
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4
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Casualty Excess of
Loss Treaty Reinsurance--122
Purposes, types
of casualty reinsurance contracts, considerations in using casualty excess
(lines of insurance affected and reinsurance desired, ultimate net loss and
expenses, integration of other reinsurances, net retained line, methods of
attachment and termination, retention and limit, definition of occurrence and
loss triggers, event coverage or interlocking, aggregate extension and
aggregate extraction, pricing tools, ancillary issues), evaluations and
contributions.
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JOHN
F. CANNON
Retired Executive Vice President
THE MERCANTILE AND GENERAL REINSURANCE COMPANY OF AMERICA
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5
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Catastrophe
Reinsurance--204
Purposes,
catastrophe perils, the occurrence treaty, designing the catastrophe program
(catastrophe limit and loss retention; sample programs for small, regional,
large reinsureds; continuity).
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THOMAS
A. LEHRKE
President
W. J. LEHRKE CO.
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6
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Aggregate Excess
or Stop-Loss Reinsurance--244
Nature,
purpose, and benefits; criteria for establishing retention and limit;
pricing, loss settlement provisions; important clauses; suitability of
coverage.
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DAVID
L. WASSERMAN
President and CEO
CENTRE REINSURANCE COMPANY OF NEW YORK
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7
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Financial (Finite
Risk) Reinsurance--278
Causes of
growth; early finite products: time-and-distance and loss portfolio; optimum
environment for finite risk reinsurance; cost and stability tradeoff; finite
risk applications; regulations.
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JOHN
D. COUNTRYMAN
Senior Vice
President
RELIANCE REINSURANCE CORP
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8
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Facultative
Reinsurance--294
Characteristics;
use of facultative; coverage: pro rata v. excess of loss; underwriting;
contracts used in facultative reinsurance; the facultative marketplace.
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[ADMINISTRATION]
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WILLIS
T. KING, JR.
Chairman and CEO
WILLCOX INCORPORATED REINSURANCE INTERMEDIARIES
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9
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Meeting the
Reinsured’s Needs--322
Planning a reinsurance
program, designing a program for a typical company, reviewing and revising,
overall considerations.
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BONNIE
L. BOCCITTO
Managing
Director and Chief Underwriting Officer
RISK CAPITAL REINSURANCE
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10
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Pricing
Reinsurance--402
Experience
rating excess of loss, exposure rating excess of loss, alternative rating
structures, casualty contingency (clash), property catastrophe, pro rata
pricing.
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PAUL
R. DAVIES
Chairman
AON RE INC.
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11
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Markets and
Marketing--472
A thirty-year
history (1965-1995), the distribution system (buyers: primary insurers;
sellers: the markets), services, comparative advantages.
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LEWIS
H. PAUL
Senior Vice
President
E. W. BLANCH CO. REINSURANCE SERVICES
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12
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Underwriting the
Reinsured--498
The essential
risk: the reinsured. Measuring the reinsured's fiscal health: sources of
information, interpreting the signals. Is the proposed reinsurance program
valid? The value of responsible actions.
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RICHARD
S. BAKKA
Administrative
Officer
AMRECO OPERATIONS UNDER THE ILLINOIS OFFICE OF THE SPECIAL DEPUTY
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13
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Claims Management--546
Origin of
claims (first-party, third-party), functions (auditing, reserving and
development, recording and reporting), common contractual provisions:
facultative and treaty.
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KEVIN
B. OATES, JR.
President
FELLS ROAD GROUP, INC. and MICHAEL CONN ASSOCIATES, INC.
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14
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Reinsurance
Accounting--596
Dual accounting
systems (SAP v. GAAP, reporting differences), reinsurance accounts and
differences between insurance and reinsurance accounting, government and self
regulation of accounting, calculations: proportional treaties (quota share,
surplus share, commission adjustments, loss corridor deductible),
nonproportional treaties (per risk, per occurrence, aggregate, aggregate
catastrophe, stop-loss, common account), retrospective premium adjustments,
portfolio transfers.
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INDEMNIFYING
LIFE AND HEALTH INSURERS
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THOMAS
KABELE
Senior Vice
President, Reinsurance and Taxes
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA
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15
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Life Reinsurance--696
Comparisons,
contracts (direct policies and reinsurance agreements), pricing, industry
performance and statistics, important treaty clauses, regulations.
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DIANA
HILMER
2nd VP & Dir., Nat’l Exec. Accnts
LINCOLN NATIONAL REINSURANCE COMPANIES
THOMAS G. BROWN
Chairman and CEO
DUNCANSON & HOLT GROUP
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16
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Accident and Health Reinsurance--724
The U.S. health
care market, the accident and health reinsurance market, the reinsurance
treaty, reinsuring accident and health coverages.
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Court Cases Cited, 743; Glossary of 357 Reinsurance Terms,
746; Index, 749; About the Editor, 810
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