Some articles on ceding, ceding company:
... In addition, the reinsurer will allow a "ceding commission" to the insurer to cover the costs incurred by the insurer (marketing, underwriting, claims etc.) ... Under a surplus share arrangement, the ceding company decides on a "retention limit" - say $100,000 ... The ceding company retains the full amount of each risk, with a maximum of $100,000 per policy or per risk, and the balance of the risk is reinsured ...
Famous quotes containing the word company:
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—Philip Roth (b. 1933)