Amounts deposited by reinsurers with cedants to help finance the reinsurers’ proportion of claims. The amount retained is usually such proportion of the agreed premium. The deposit is released annually in arrears.
The Rantings of the barely human.
Amounts deposited by reinsurers with cedants to help finance the reinsurers’ proportion of claims. The amount retained is usually such proportion of the agreed premium. The deposit is released annually in arrears.