REINSURANCE 101
The underlying principal governing the relationship between a cedant and a reinsurer.
What is "follow the fortunes?"
This Article identifies the lines of business that are protected under the Reinsurance Contract.
What is the Business Covered Article?
Prior to being rebranded as Acrisure Re, the Company operated under this name.
What is Beach & Associates?
I am the President of Acrisure International and the Chairman of Acrisure Re.
Jason Howard
What is a communicable disease exclusion?
I am a British Insurance Market founded in 1686 where members operate as syndicates to insure and spread out the risks of different businesses, organizations and individuals.
What is LLoyd's of London?
This document is attached to a reinsurane contract to identity the applicable reinsurers and their share.
What is an I&L?
This form is used by account managers in North America to request that a new contract be drafted by the Contracts Team.
What is the Contract Drafting Worksheet?
As the newly appointed CEO of Acrisure Re, we (and children of all ages when playing a popular game) always do what he says.
Who is Simon Hedley?
So far in 2020, there have been this many Named Storms to date.
What is 25?
I am a type of QS Contract, but the percentage of my share varies based on the amount of each risk ceded to the treaty.
What is a Surplus Share Contract?
This type of reinsurance covers a single policy rather than an entire book of business.
What is Facultative Reinsurance?
This new document will be replacing the PACL to demonstrate that a placement has been placed properly.
What is the Completion Confirmation Document (CCD)?
I am the CFO of Acrisure Re. My name is also associated with a famous fictional serial killer who will be making a reappearance in television in the near future.
Who is Dexter Des Vignes?
the London Market Association has recently issued new regulations prohibiting polices or contracts of reinsurance from remaining silent on coverage for this peril.
What is cyber liability?
Reinsurers that are unauthorized to do business in the US may have to provide this to ensure cedants will receive credit for reinsurance.
What is funding/collateral/LOC's (Letter of Credits)?
A reinsured may seek this from its reinsurers if it wishes to reinsure a risk that would otherwise not be covered under its reinsurance contract.
What is a Special Acceptance?
Yet another casualty of COVID, this classic Chinese Restaurant with horrible wine (I can't speak to the food) and a shady atmosphere was a go-to favorite at the NY office.
What is the China Chalet?
I founded Lloyd's of London in my coffee house on Tower Street in 1686.
Who is Edward Lloyd?
This Company not only creates state of the art cars but has now started its own insurance company with the help of a world class broking and contracts team.
What is Tesla?
This may be imposed on Foreign Reinsurers doing business in the US and account managers should confirm whether it is applicable to the markets participating in a deal.
What is Federal Excise Tax (FET)?
This Article may provide a Company with additional limits if an large loss event occurs early in the period of the reinsurance contract.
What is Reinstatement?
I have recently assumed the role of Beach CFO. My name is also associated with a famous fictional serial killer who will be making a reappearance in television in the near future.
Who is Dexter Des Vignes?
I am an account manager in the Burlington, NC office and I organized this training program.
Who is Leah Hunter?
Of the 20 Named Storms in 2020, only this many made landfall in the U.S.
What is NINE?