treaty reinsurance

treaty reinsurance
treaty reinsurance n: reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter compare facultative reinsurance

Merriam-Webster’s Dictionary of Law. . 1996.

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  • treaty reinsurance — noun : reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter …   Useful english dictionary

  • Reinsurance — is a means by which an insurance company can protect itself against the risk of losses with other insurance companies. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes,… …   Wikipedia

  • treaty — trea·ty n pl treaties [Anglo French treté, from Middle French traité, from Medieval Latin tractatus, from Latin, handling, treatment, from tractare to treat, handle] 1: the action of treating and esp. of negotiating 2: an agreement or arrangement …   Law dictionary

  • Reinsurance sidecar — Reinsurance sidecars, conventionally referred to as Sidecars, are financial structures which are created to allow investors to take on the risk and return of a group of insurance policies (a book of business ) written by an insurer or reinsurer… …   Wikipedia

  • Reinsurance 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. Bismarck felt that this was essential to continue the diplomatic isolation of France so ensuring… …   Wikipedia

  • Reinsurance Treaty — (1887)    A hastily formulated secret treaty between Germany and Russia. By 1886, it was obvious the Russians would no longer agree to renew their participation in the Three Emperors’ Alliance, set to expire in 1887. To compensate for this, Otto… …   Encyclopedia of the Age of Imperialism, 1800–1914

  • treaty — 1) Any formal agreement in writing between nations. A commercial treaty relates to trade between the signatories. 2) A transaction in which a sale is negotiated between the parties involved (by private treaty) rather than by auction. 3) An… …   Big dictionary of business and management

  • reinsurance — The passing of all or part of an insurance risk that has been covered by an insurer to another insurer in return for a premium. The contract between the parties is usually known as a reinsurance treaty. The policyholder is usually not aware that… …   Big dictionary of business and management

  • treaty — /tree tee/, n., pl. treaties. 1. a formal agreement between two or more states in reference to peace, alliance, commerce, or other international relations. 2. the formal document embodying such an international agreement. 3. any agreement or… …   Universalium

  • reinsurance — A contract by which an insurer procures a third person to insure him against loss or liability by reason of original insurance. A contract that one insurer makes with another to protect the latter from a risk already assumed. It binds the… …   Black's law dictionary

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