The amount liability of Company is prepared to expose to loss for its own account.
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REINSURANCE: The amount of insurance the primary insurer carries on a risk after deducting reinsurance from its “gross” line.
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The maximum limit an insurer or reinsurer is willing to accept after taking credit for reinsurance coverage. Such limits are usually expressed per insured, per line of insurance, etc. See Gross line.
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UK: US term meaning the amount of risk that an insurer retains for his own account without reinsurance. More widely a ‘net line’ underwriter accepts business mainly with the intention of ceding all or nearly all of it by way of reinsurance. The underwriter effectively acts in effect as a fronting company or agent.