RE: Schedule F

Rasa Varanka ( vara5224@quack.cims.nyu.edu )
Wed, 26 Aug 1998 22:27:07 -0400

There are two types of portfolio transfers. Loss portfolio
transfers are described in the IASA text and also in the
message below. A portfolio transfer of the UEPR is a cession
of the (guess what) unearned premium reserves of unexpired
portions of reinsurance treaties from the ceding company to
the assuming reinsurer. I've never heard of this type of
cession in facultative reinsurance but then I haven't passed
Part 7 either.

At 05:51 PM 8/24/98 -0700, you wrote:
>
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>There is a small section on portfolio reinsurance in the IASA book
>chapter 12 page 9. My understanding of it is that a primary company
>cedes to a reinsurer a block of losses that have already occurred and
>for which the primary company has outstanding loss reserves. The
>cedant will also pay the reinsurer a premium it believes to be fair
>for assuming the future payments on these losses and any risk of
>adverse development.
>
>
>----------
>From: Jim Shoenfelt[SMTP:jimshoenfelt@amdyne.net]
>Sent: Monday, August 24, 1998 5:10 PM
>To: studygroup7@lists.casact.org
>Subject: Schedule F
>
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