Ceding Company

Some articles on ceding, ceding company:

Reinsurance - Types - Proportional
... 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:

    All I can tell you with certainty is that I, for one, have no self, and that I am unwilling or unable to perpetrate upon myself the joke of a self.... What I have instead is a variety of impersonations I can do, and not only of myself—a troupe of players that I have internalised, a permanent company of actors that I can call upon when a self is required.... I am a theater and nothing more than a theater.
    Philip Roth (b. 1933)