Portfolio Reinsurance
Gardner, Brad ( (no email) )
Thu, 27 Aug 1998 12:31:33 -0600
Also, Note 18 of the AS deals with the tracking of retroactive
reinsurance insurance for LOSSES only (loss portfolio transfers) as long
as the contract exist. The insurer can be the assuming or ceding entity.
Feldblum covers this note in his paper "Selected Notes to the Fire and
Casualty AS." The exhibit for this note, tracks the special surplus
gain/loss for each year the portfolio transaction is in effect.
Schedule F, Part 2 deals only with the premiums of portfolio reinsurance
transactions. The Annual Statement Instructions defines portfolio
reinsurance for this exhibit "as the transfer of the entire liability of
an insurer for IN FORCE policies (UPR's?) as respects a described
segment of the insurer's business."