UK: A reinsurance company that only writes business with insurance companies, or a primary insurance company that also writes reinsurance contracts for other insurers; the expressions reinsurance inwards and reinsurance outwards refer to the acceptance and placing of reinsurance respectively.
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UK: an insurer who accepts insurance from another insurer or reinsurer
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An underwriter of reinsurance. If the reinsurance is underwritten at Lloyd’s the reinsurer(s) will be one or more syndicates. If the reinsurance is not underwritten at Lloyd’s the reinsurer(s) will be one or more insurance companies. Some reinsurances may be underwritten by both syndicates and insurance companies.
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MEDICAL,USA: Insurance company that accepts all or part of an insurance policy from the primary insurance company. Also called assuming company .
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See: Reinsurance.
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REINSURANCE: The Company (or the syndicate in case of Lloyd’s) which accepts Reinsurance from the Ceding Company.
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REINSURANCE: The insurer that assumes all or a part of the insurance or reinsurance risk written by another insurer.