2008 Best's Financial Suite - Reinsurance Released, Tracks Insurers Ceding or Assuming Risk.OLDWICK, N.J. -- A.M. Best Co. has released the 2008 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 2007 financial statements of thousands of property/casualty and life/health insurance companies, respectively. Both products now include BestLink([R]) for Excel([R]), A.M. Best's award-winning, online data-retrieval tool, which enables users to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the latest financial and rating data for these schedules directly into their spreadsheets from the A.M. Best Web site. Financial data for Schedule F and Schedule S was made available via BestLink for Excel on March 24, 2008. Subscribers can use BestLink for Excel to identify all reinsurers to which a company is ceding cede tr.v. ced·ed, ced·ing, cedes 1. To surrender possession of, especially by treaty. See Synonyms at relinquish. 2. business, and all insurers from which a reinsurer re·in·sure tr.v. re·in·sured, re·in·sur·ing, re·in·sures To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. is assuming business. For more information on Best's Schedule F or Best's Schedule S visit www.ambest.com/sales/schedulef or www.ambest.com/sales/schedules. To obtain information on BestLink for Excel, visit www.ambest.com/sales/bestlinkforexcel.pdf. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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