reinsure

There is a class of optimists ready to reinsure an "overdue" ship at a heavy premium.

It has tried to undercut, has been badly hit by a long series of small fires, and it hasn't been able to reinsure. I'm afraid that public companies don't save one another for love."

Enhanzed Re will reinsure life, non-life run-off, and property and casualty insurance business, initially sourced from Allianz SE (AZSEY) and Enstar.

Conservators and receivers of insurance companies or mutual benefit associations (MBA) under rehabilitation may opt to reinsure the outstanding policies of the companies they handle if warranted, according to the Insurance Commission (IC).

We reinsure the risk to five reinsurers in the mainstream," he explained.

Paul Owens, chief executive officer for Willis Towers Watson's Global Captive Practice, said captive organizers are exploring how to reinsure pension risk through captives.

The Broker may not insure or reinsure any risk as this does not comply with its license and thus it cannot be held liable to pay any indemnity payable under the reinsurance cover.

Under the terms of the agreement, Aegon will reinsure USD 8.56bn (GBP 6bn) of liabilities to Rothesay Life, followed by a Part VII transfer.

This is because life insurance companies underwrite these premiums in their respective markets and then subsequently reinsure them within the domicile.

It has later turned out that the new tax does not violate EU law but the insurers have warned that the state revenues from it will be smaller than expected because they would reinsure their premiums; some have even threatened to relocate their head offices to other EU member states.