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Supplied in Tables 1, 2, 3, 4 and 5 belowġ. However, it is expected that students should use another rate based on their judgement on the basis of practical circumstances. The advisable brokerage commission is 10% (0% on reinstatements). Property, Liability and Accident businessesġst Layer: To pay US$ 25,000,000 ultimate net loss each and every risk in excess of US$ 50,000,000 ultimate net loss each and every risk.Ģnd Layer: To pay US$ 25,000,000 ultimate net loss each and every risk in excess of US$ 75,000,000 ultimate net loss each and every risk.Īs a part of this coursework you are required to calculate the Minimum Deposit Premium. Losses occurring irrespective of attachment dates of original policies. Of two parts being the specific conditions specified in the treaty summary including any appendix and the general terms and conditions.ġ2 months commencing 1st of July 2021. This agreement between the ceding company and the reinsurer consist The Limestreet requires the Stan Re to be the lead underwriter of its Property, Liability and Accident businesses.Ī summary of the Treaty Slips for (1) per risk Excess of Loss and (2) catastrophe Excess of Loss including the relevant information necessary to carry out the assessment are available below. Your company has received an inward reinsurance business proposal from a UK based primary insurer named Limestreet Insurance Company (hereinafter referred as Limestreet). You work for The Stan Reinsurance Company (hereinafter referred as Stan Re), located in Bermuda.

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