Page 198 - Reinsurance Management IC85

The Insurance Times

reinsurers" offices worldwide informing for the
risk and seeking cover support. The slip is
initially presented by the broker to underwriters
who are respected in the market for their acumen
to quote. Such underwriters are known as lead
underwriters.

There are only a few lead reinsurers and individuals
in the world markets for each line of insurance
business. Once a lead has indicated his quote and
his share of acceptance of the risk the intermediary
visits the other underwriters whom by experience
he knows would follow the particular lead who has
quoted.

It would be difficult to persuade others to follow a
lead whom they do not usually follow. He works
hard to obtain their participation on same terms as
the lead.

Many placements remain incomplete as some of the
following underwriters sign their participation

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