Life reinsurance.Trends toward lower retention levels among primary insurers, favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. pricing and mandated term life reserving have increased the demand for life 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. . Leading Reinsurers Amount in Force Year End 2003, nonaffiliated business ($ billions) Swiss Re Life & Health America [07283] RGA Reins Co [09080] Security Life of Denver Ins Co [07029] Lincoln Natl Life Ins Co [06664] Manulife Reins Ltd [57397] Munich American Reassurance Co [06746] Employers Reassurance Corp [06976] European Reins Co of Zurich [85830] Allianz Life Ins Co N America [06830] Transamerica Occidental Life [06848] Note: Table made from bar graph. Leading Reinsurers Premiums 2003, nonaffiliated U.S. business ($ billions) Federal Kemper Life Assur (1) [06376] Swiss Re Life & Health America [07283] RGA Reins Co [09080] European Reins of Zurich [85830] Lincoln Natl Life Ins Co [06664] Munich American Reassurance Co [06746] Security Life of Denver Ins Co [07029] Manulife Reins Ltd [57397] Metropolitan Life Ins Co [06704] Security Life of Denver Intl Ltd * Note: Table made from bar graph. * Company not followed by A.M. Best (1) Reflects coinsurance agreement with Kemper Investors Life Ins Co as part of BankOne's acquisition of a significant portion of Zurich Life companies. Source: Special Report: Consolidation Drives Capacity Crunch In North American Life Reinsurance Market (Published 08/23/2004) |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion