Reinsurance is insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on ("ceded") to another insurance company. The company that purchases the reinsurance policy is called a "ceding company" or "cedent" or "cedant" under most arrangements. The company issuing the reinsurance policy is referred simply as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes and wildfires. In addition to its basic role in risk management, reinsur ...
ance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. A company that purchases reinsurance pays a premium to the reinsurance company, who in exchange would pay a share of the claims incurred by the purchasing company. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsurance refer to the business as 'assumed reinsurance'.
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P&C Assistant Actuary opening in NY or CT. Company is willing to teach reinsurance pricing to actuaries with an interest in learning reinsurance. Perform reinsurance pricing for Casualty business. Ideal candidate is pre-ACAS with 2-4 years of. Last updated : 2024-04-26
About Acrisure. Acrisure is a global Fintech leader that combines the best of humans and high tech to offer multiple financial products and services to millions of businesses and individual clients. We connect clients to solutions that help them protect and grow what matters, including Insurance, Reinsurance, Cyber Services, Mortgage Origination and more. Acrisure employs over 17,000 entrepreneurial colleagues in 21 countries and have grown from ...
Alan Gray LLC is looking for a dynamic self-starter and team player with prior experience in either assumed or ceded reinsurance accounting. The ideal candidate should have experience in reinsurance contract interpretation, preparing reporting and billing packages, excel spreadsheet skills (pivot tables, V-lookup, etc.) and have worked for a reinsurance company, insurance company or reinsurance broker. The successful candidate will be able to wor...
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 ...
Description. Stop searching. Start growing. It's time to build a meaningful career where you can grow, your ideas can thrive, and you are recognized and valued. Join a team committed to your excellence, and apply to Safety National today. Ready for a rewarding career. Follow this link to view all of our available careers and apply. This opportunity is in the Claims Department. Our Claims department oversees both high-exposure workers' compensatio...
Stop searching. Start growing. It’s time to build a meaningful career where you can grow, your ideas can thrive, and you are recognized and valued. Join a team committed to your excellence, and apply to Safety National today. Ready for a rewarding career. Follow this link to view all of our available careers and apply. https://www.safetynational.com/careers-page/. . This opportunity is in the Claims Department. Our Claims department oversees both...
Stop searching. Start growing. It's time to build a meaningful career where you can grow, your ideas can thrive, and you are recognized and valued. Join a team committed to your excellence, and apply to Safety National today. Ready for a rewarding career. Follow this link to view all of our available careers and apply: https://www.safetynational.com/careers-page/. This opportunity is in the Insurance Underwriting Department. As a leading insurer ...
Stop searching. Start growing. It’s time to build a meaningful career where you can grow, your ideas can thrive, and you are recognized and valued. Join a team committed to your excellence, and apply to Safety National today. Ready for a rewarding career. Follow this link to view all of our available careers and apply. https://www.safetynational.com/careers-page/. . This opportunity is in the Insurance Underwriting Department. As a leading insure...
Description. Applied Underwriters is a global risk services company that continues to expand our offerings in property and casualty insurance. We are looking for intelligent and knowledgeable candidates that will utilize their rich experience in reinsurance ratemaking and underwriting to contribute in all aspects related to reinsurance in a fast-paced environment. . LI-Onsite. Requirements. At least five years of experience in reinsurance pricin...
Robert Half is seeking a Reinsurance Accountant.Responsibilities include: Prepare monthly, quarterly, and ad-hoc standardized reports in support of the early financial close.Reviewed assumed statements of accounts, bordereaux, and XOL claims for alignment with contract terms.Analyze large sets of data to create standardized reinsurance reports for management reviewPreparation and approval of journal entriesPrepare and approve payments for various...
TITLE. Reinsurance Analyst. DEPARTMENT. Reinsurance Strategy & Placement. POSITION OBJECTIVE. Support the Reinsurance Strategy & Placement department in reinsurance information-gathering and transactions. REPORTS TO. Sr. Vice President, Reinsurance Strategy & Placement. LOCATION. Schaumburg, Illinois (Hybrid). DUTIES AND RESPONSIBILITIES. Review reinsurance submissions and narratives created by the Actuarial and Farm Bureau® Client Relations depa...
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 ...
