Page 260 - Reinsurance Management IC85

The Insurance Times

cheque book. The reinsurer would therefore
like to know who is the underwriter?

Underwriting Policy : Each reinsurer will have
his own underwriting policy which would mean
that he has determined some types of business
or perhaps some parts of the world are of no
interest to him.

Accumulations : The reinsurer would be aware
of the danger of accepting too much business of
a particular class in a particular territory.

Leader of a treaty: Although each reinsurer has
responsibility of determining for himself the
correctness of terms and conditions of a contract
and of monitoring the activities of the ceding
insurer's underwriter, nevertheless it can be
material, particularly in negotiations, to follow a
leader who is known to undertake these duties in
a proper and responsible manner.

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