Marine Reinsurance Market : Size : Analysis : Share : Outlook by Key Players Swiss Re, Munich Re, AXA XL, Hannover Re, Lloyd's, Et Al.
Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim. The party that diversifies its insurance portfolio is known as the ceding party. The party that accepts a portion of the potential obligation in exchange for a share of the insurance premium is known as the reinsurer.
View full press release