Insurance purchased by insurance companies to cover costs that may arise if multiple claims are submitted by multiple policy holders after a catastrophic event. One insurance company essentially shares the risk by offering coverage to another company in exchange for a share in the premiums that are paid.
Related information about clash reinsurance:
- Clash Reinsurance Definition | Investopedia
Clash reinsurance is purchased by companies for their own security. It reduces the potential maximum loss on either a single risk or a large number of risks.
- Clash Reinsurance: Definition from Answers.com
Clash Reinsurance Type of excess of loss reinsurance in which the insurance company (cedent) is reinsured in the event there is a casualty loss resulting.
- Self Insurance Information - Clash Reinsurance ...
Clash Reinsurance. Whilst quota share and risk excess reinsurances respond to individual losses from a single policyholder there is always the risk that a loss ...
- Evaluating Variations in Contract Terms for Casualty Clash ...
Evaluating Variations In Contract Terms For Casualty Clash Reinsurance Treaties. 1. Introduction. Look across our industry and you will find among the most ...
- Third-Party Guarantees of Reinsurance Obligations: I Guarantee It!
More than a decade ago, in an award-winning article on variations in clash reinsurance contract terms, Emily Canelo and Bryan Ware provided sample terms ...
- What is clash reinsurance? definition and meaning
Definition of clash reinsurance: Insurance purchased by insurance companies to cover costs that may arise if multiple claims are submitted by multiple policy ...
- Casualty Clash and Casualty Catastrophe Risks, Part I: Clashing ...
Oct 19, 2009 ... Casualty clash reinsurance normally sits at the top of a casualty insurer's reinsurance coverage tower and thus typically attaches at higher ...
- What is CLASH REINSURANCE? - The Law Dictionary
Definition of CLASH REINSURANCE: An EXCESS OF LOSS REINSURANCE contract where the INSURER is covered against property and casualty losses ...