2006 Best's Financial Suite - Reinsurance Tracks Insurers Ceding or Assuming Risk.

OLDWICK, N.J. -- A.M. Best Co. has released the 2006 edition of Best's Financial Suite - Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , which includes Best's Schedule F and Best's Schedule S. These CD-ROM CD-ROM: see compact disc.

CD-ROM
in full compact disc read-only memory

Type of computer storage medium that is read optically (e.g., by a laser). databases include reinsurance data from the 2005 financial statements of thousands of property/casualty and life/health insurance companies, respectively.

Users of either product can track how insurance companies are reducing their possible maximum losses by ceding cede
tr.v. ced·ed, ced·ing, cedes
1. To surrender possession of, especially by treaty. See Synonyms at relinquish.

2. a portion of their liability to reinsurers. The databases show where insurers are placing their reinsurance business and how much reinsurance they carry.

Purchasers of either Best's Schedule F or Best's Schedule S also receive access to BestDirect,(R) A.M. Best's company-tracking and notification service. Registered users receive e-mail notification of rating changes, news articles, press releases and company report updates for insurers they select.

A.M. Best's suite of insurance industry financial databases includes Best's Statement File - Life/Health and Property/Casualty, released in March, which present 11 years of complete financial statement information on thousands of insurers.

For more information on Best's Schedule F or Best's Schedule S, call (908) 439-2200, ext. 5311, or visit www.ambest.com/sales/schedulef or www.ambest/sales/schedules.

A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.

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Publication:	Business Wire
Date:	Apr 24, 2006
Words:	225
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