i-law

Marine Insurance Law


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Chapter 15

Reinsurance

Özlem Gürses

Definition and types of reinsurance


Page 466

An insurer who has insured a risk may want to reinsure it with another insurer. He may transfer, through reinsurance, either part or whole of the risk to another insurer (or other insurers) whereby the risk and the premium are shared. Reinsurance is therefore defined as insurance of insurers.1

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