The (Re)Insurance Crossword

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Across
  1. 3. An intermediatary involved in negotiating insurance contracts
  2. 5. Funds set aside by an insurer to meet its future financial obligations
  3. 8. Denotes magnitude of the financial loss
  4. 9. A specific band of losses covered by a reinsurance contract
  5. 10. A single event impacting a large number of risks simultaneously
  6. 11. A reinsurance arrangement where reinsurer accepts all risks of a specified class of policies from the insurer
  7. 13. Reinsurance purchased for a single/specific risk
Down
  1. 1. Denotes how often a risk or incident occurs over a given period
  2. 2. An insurance company that transfers parts of its risk to a reinsurer
  3. 4. Measurable unit of the risk insured
  4. 6. The principle of restoring the insured to the financial position they were in before the loss
  5. 7. Process by which a reinsurer assumes the legal rights of the insurer to pursue recovery from the at-fault third party
  6. 12. The amount/proportion of risk or liability that an insurer keeps instead of reinsuring