Reinsurance

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Across
  1. 1. annual aggregate deductible (abv)
  2. 9. an event involving many individual risks
  3. 10. a form of pro rata reinsurance
  4. 13. other reinsurances are applied first to reduce the subject loss
  5. 14. abv for unallocated loss adjustment expense
  6. 15. a consideration in monitoring a company's financial strength
  7. 17. restoration of the reinsurance limit
  8. 21. reinsurer of your reinsurer
  9. 23. to accept all or part of a ceding company's insurance
  10. 25. proportional sharing
  11. 26. insurance of insurance companies
  12. 27. the amount of loss sustained before deductions are applied
  13. 29. pursuit of other companies who may have had some involvement causing the loss
  14. 31. property term
  15. 32. risks or perils not covered under the Treaty
  16. 33. casualty term
  17. 34. two or more policies covering different LOBS combined to a cover with one retention
  18. 36. the loss which attaches before the next higher excess layer of coverage
  19. 39. an organization assuming the liability of another by way of reinsurance
  20. 40. to pass on to another insurer
  21. 41. money given back to insured/insurer for selling off goods not destroyed in a loss
  22. 42. Ultimate Net Loss (abv)
Down
  1. 2. expedidated way to resolve disputes outside of court
  2. 3. cedant must cede
  3. 4. underlying insured
  4. 5. a form of reinsurance covering multitudes of risk under a common LOB
  5. 6. negotiates the contracts between reinsured and reinsurer
  6. 7. a termination provision whereby reinsurer remains liable for in force policies at the date of termination
  7. 8. the maximum a cedant can recover under the treaty
  8. 11. loss + expense + o/s loss + o/s expense
  9. 12. whole or part of a single risk
  10. 16. termination provision where reinsurer is not liable for loss after the date of the termination of the Treaty
  11. 18. Share reinsurance indemnifying the ceding company against loss for surplus liability
  12. 19. a ceding company
  13. 20. a concept where reinsurers are expected to follow the decisions of the reinsured
  14. 22. indemnifies the ceding company above a specified retention
  15. 24. a form of reinsurance cover one individual risk
  16. 25. reinsurance and retention apply to one risk
  17. 28. another name for ceding company
  18. 30. continual gradual or repeated exposure
  19. 35. accumulation of losses
  20. 37. the amount of risk the ceding company retains before billing reinsurers
  21. 38. posted by company for expected liability