To illustrate, we obtain numerical solutions for the case of constant absolute risk aversion (CARA) and show how outcomes vary with opportunities for diversification of cedent
exposures, bankruptcy risk, and frictional cost differences.
Courts have held that a ceding insurer's duty of "utmost good faith" imposes an affirmative obligation on it to disclose all material facts to its reinsurers during the placement of the reinsurance and that the cedent
's duty of utmost good faith imposes on the cedent
a duty to "exercise good faith and to disclose all material facts" in the underwriting process.(2)
Over the last decade, only 23% of unauthorized reinsurers on average have been affiliated entities, somewhat mitigating risk, given that those reinsurers are part of the same organization as the cedent
. In 2016, primary insurers placed 48.9% of their ceded face amounts with affiliated reinsurers--the first time the ceded amount to affiliated companies has gone below 50% since 2009 although it is still higher than the 2006 level of 35.7%.
Les proteges de Benchikha, elimines recemment des demi-finales de la Coupe du Trone, cedent
du terrain dans la course a la premiere place.
Toutefois, il faut dire que Walid Regragui fait partie de ceux qui ne cedent
Le president zimbabween Robert Mugabe a demande hier vendredi que les societes etrangeres presentes dans le pays cedent
100% de leur capital a des Zimbabweens noirs, lors du congres de son parti a Gweru (centre).
Finite reinsurance represents convergence in that the reinsurer absorbs more credit risk than under an annually renewable contract, because of the possibility that the cedent
will default on its agreed-upon premium payments, and also exposes the reinsurer to interest rate risk because the investment income feature usually involves some sort of interest guarantee.
That tighter treaty language, among other things, "has translated into more frequent and tougher cedent
reporting audits; less tolerance of long cedent
reporting delays; less willingness on the part of reinsurers and retrocessionaires to accept all cedent
underwriting 'exceptions;' and the disavowal of reinsurance coverage if the policyholder 'listings' are not transmitted by a certain date."
The law in each of these areas, while still evolving, attempts to balance the cedent
's expectation that it will be reimbursed with the reinsurer's right to rely on the terms of the reinsurance agreement and on the good faith and diligence of the cedent
in both the underwriting and claims handling process.
Chaque hiver qui passe, ce sont quelques piliers centraux (ajgu) de plus, des murs et des toitures qui cedent
. Meme les ruelles (tizenqatin) qui servent de passage entre les ilots (lharat), sont bloquees par les decombres des maisons en ruine, a-t-on constate.