retrocessional love

Definitions

from The Century Dictionary and Cyclopedia

  • Pertaining to or involving retrocession; recessional: as, retrocessional motion; a retrocessional hymn.
  • n. Same as recessional.

Etymologies

Sorry, no etymologies found.

Examples

  • Validus will record this charge net of reinstatement premiums and reinsurance, retrocessional and other recoveries, in the fourth quarter of 2011, the company said in a statement.

  • Resolution of the negative outlook is dependent on our ability to generate a reasonable and sustainable level of profitability, reduce our dependence on retrocessional support, bring our risk appetite in line with our available capital, continuation of our expense reduction initiatives and, most importantly, improving our overall financial flexibility.

  • In addition to these trends, in 2011 we chose to increase our spending on retrocessional coverage, which although resulting in increased ceded premiums this quarter, has also assisted in protecting our balance sheet from the potential impact of future large events should they occur this year.

  • The net negative impact from these events includes an estimate of losses and loss adjustment expenses, net of retrocessional coverage, reinstatement premiums, taxes and the expected impact of foreign exchange rates.

  • +5.46% Chief Executive David Brown said Wednesday that the company bought retrocessional reinsurance to protect against huge losses from extreme single events and an accumulation of losses from several catastrophes during one underwriting year.

    MarketWatch.com - Top Stories

  • That means Platinum gets up to $200 million of "collateralized retrocessional protection" if other big catastrophes hit before August 2011, the CEO added.

    MarketWatch.com - Top Stories

  • But the retrocessional book wouldn't be an issue for us.

    Financial Sector and Stocks Analysis from Seeking Alpha

  • I think in our specific case here, we have a very limited amount of retrocessional commitment.

    Financial Sector and Stocks Analysis from Seeking Alpha

  • Best also explained that Empyrean Re operates as a Bermuda-based reinsurer writing direct, reinsurance and retrocessional trade credit coverage produced through the broker market.

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  • This Phase 1 of the transaction has provided substantial additional retrocessional cover for Equitas, and thus for the Society's subsidiary undertaking, Lioncover Insurance Company Limited, which as at 31 December 2006, recognises a reinsurance asset due from Equitas Reinsurance Limited (ERL) of £394m (see note 14).

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