https://completemarkets.com/Article/article-post/69/Finding-Markets-The-Specialty-Program-Consultant/
...y Program Consultant
While a reinsurance intermediary operates between the ceding insurance company and the reinsurance company market, the specialty insu... when no one company dominates the reinsurance market.
With the continuing vertical integration in the reinsurance business, suppose that a large direct reinsurance company, who's been writing the...
https://completemarkets.com/Article/article-post/1092/CUT-THROUGH-ENDORSEMENTS/
...ent between the insured and the reinsurance company. I don't think an... the insured. In a normal reinsurance agreement, the contract is betw...
https://completemarkets.com/Article/article-post/2254/ALTERNATIVE-RISK-FINANCING-NOT-JUST-FOR-FORTUNE-500-COMPANIES/
... purchasing excess insurance or reinsurance. INSURANCE LINES The other quest... Excess or stop-loss insurance/reinsurance Security or collateral ...
https://completemarkets.com/Article/article-post/1627/LIABILITY-RISK-RETENTION-ACT-OF-1986/
...ry insurance, excess insurance, reinsurance, surplus lines insurance, and any ...etention group which provides such reinsurance; and (H) the name of which i...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...nique for many years (Financial reinsurance). In the purest form, Financial i...
https://completemarkets.com/Article/article-post/2120/Insuring-For-The-Worst/
...adoption of a federal terrorism reinsurance program might change this situatio...
https://completemarkets.com/Article/article-post/939/Acord-Targets-Global-Standards/
...EG7), and the Joint Venture for Reinsurance (JV) is to work together at a time...s, starting from the Joint Venture reinsurance messages.
Object Model Conv...
https://completemarkets.com/Article/article-post/952/SELECTING-INSURANCE-COMPANIES/
...ording to A.M. Best, inadequate reinsurance protection and recent changes in ... Frequent changes in reinsurance carriers Incr...
https://completemarkets.com/Article/article-post/71/Discovering-New-Niche-Programs-In-Commercial-Lines/
... designated insureds. Some examples are accountants' Errors & Omissions (E &O ) Liability, Tax Preparers' E&O , and programs for public libraries, ambulance companies, homes and services for the aging, auto repairs, contractors, car washes, boards of education, credit unions, contractors who install water-based sprinkler systems, law firms, school bus operations, and loggers. New niche programs in Commercial Lines are created in response to legal events, as opposed to regulation (e.g., Prop. 103) . A case in point: The July 1995 California Supreme Court opinion of Montrose Chemical Corp. v. Admiral Insurance Co. caused contractors' defect claims to be covered, even though they had not been covered previously. From an underwriting perspective, many carriers and their reinsurers said, We don't write contractors in California because of the Montrose decision. Others, however, saw an opportunity to design a General Liability insurance product for California residential contractors that build condos or tract houses. As an agent, you must be aware of opportunities in the marketplace. The best way to discover new niche programs in Commercial Lines is to pay attention to market voids. Listen for consistent exclusions by all carriers. The new niche program is created by changing the language of the policy. Using policy language to exclude or limit coverage is an essential ingredient to having a successful niche insurance program. When such policy language has been upheld in a court of law, the program becomes even more successful. By altering underwriting guidelines and changing a policy's wording, a new risk such as that created ...
https://completemarkets.com/Article/article-post/2804/The-True-Cost-of-Downtime-Why-Insurance-Companies-Need-Stronger-IT-Support/
...illion book of exposure without reinsurance. Yet many carriers run catastrophe...