Common form of general average expenditure arising when a ship enters a port of refuge following a casualty or general average damage to the ship. If the entry is due to accidental damage, only the expenses of entry into port and dis charging the cargo, if necessary for the purpose of repairs, are allowed in general average. If entry follows general average damage, the following are also allowed: warehouse rent during repairs; cargo reloading costs; outward port charges.

‘All risks’ cover for vessels laid up in the sheltered location for an extended period or for smaller vessels working only in and around the port.

UK: (1) an identifiable and usually homogeneous group of risks for which an insurer has assumed liability; (2) a parcel of investments associated with such a collection of risks.
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(i) The securities in which the assets of the Company are invested. (ii) The Reinsurance held by an Insurer. (iii) The entire collection of an Insurer’s assets or liabilities.
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MEDICAL,USA: 1. A compilation of items that represents a job applicant’s skills. 2. Insurance company’s total investments in financial securities. 3. All products offered by an insurance company.
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UK: A defined body of: (a) insurance policies in force, a premium portfolio; (b) outstanding losses, loss portfolio; (c) company investments, investment portfolio.
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REINSURANCE: A detailed body of (a) insurance policies in force known as a premium portfolio (b) outstanding losses known as a loss portfolio, or (c) insurer investments (known as an investment portfolio). The reinsurance of all existing insurance as well as new and renewal business is therefore described as a running account reinsurance with portfolio transfer or assumption.)
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REINSURANCE: A reinsurance term that defines a body of: 1) insurance (policies) in force (premium portfolio), 2) outstanding losses (loss portfolio), or 3) company investments (investment portfolio). The reinsurance of all existing insurance, as well as new and renewal business, is therefore described as a running account reinsurance with portfolio transfer or assumption.
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A term which can refer to all the assets in which a company has invested. This term can also refer to all of the policies in effect and losses unsettled.
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All of an insurer’s in-force policies and outstanding losses, respecting described segments of its business.
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REINSURANCE: This refers to unearned premiums and outstanding claims-entry and withdrawal of which made under treaties operating on clean cut basis whereas treaties written on Underwriting year basis in force in business is allowed to run to their normal expiration even on termination.

an additional commission based on the results of business covered by a reinsurance treaty (see contingent commission).

UK: Ceding offices resume the insurance of a portfolio of business from the reinsurer to whom they had previously ceded it.
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REINSURANCE: If the reinsurer is relieved of liability (under a pro rata reinsurance) for losses happening after termination of the treaty or at a later date, the total unearned premium reserve on business left unreinsured (less ceding commissions thereon) is normally returned to the cedent. Also known as a return portfolio or return of unearned premium.
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REINSURANCE: Reassumption by a ceding company of a portfolio which has formerly been reinsured.

UK: Continuing the reinsurance of a portfolio under a cancelled treaty until all premium is earned or all losses settled or both.
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REINSURANCE: Continuing the reinsurance of a portfolio until all ceded premium is earned, or all losses are settled, or both. While a loss runoff is usually unlimited as to time, a premium run-off can be for a specified duration.
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REINSURANCE: The opposite of Return of Portfolio – permitting premiums and losses in respect of in-force business to run to their normal expiration upon termination of a reinsurance treaty.