facultative


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See: voluntary

facultative

empowering but not compelling the doing of an act.
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The company's facultative underwriting is a process through which a re-insurer underwrites an individual life applications submitted by an insurance company, seeking to share the risk on cases that may be unusual, large, or substandard.
In Bellefonte, the 2nd Circuit decided that the monetary amount of "reinsurance accepted" set forth on the face of fairly common reinsurance facultative certificates capped the reinsurer's obligations, even with respect to the ceding company's litigation expenses and costs in the underlying dispute, which can prove astronomical in many matters.
Johannes Goebel, global head of Facultative Underwriting & Head of Engineering at Qatar Re, said: "We are very pleased to further strengthen our facultative underwriting team with these key appointments at the DIFC.
The existence of facultative stem cells indicates that many differentiated cells continue to have great plasticity and are able to respond in situations of stress, such as in wounds or in the regeneration of worn out tissues," said Jordi Casanova of IRB Barcelona.
Hamadouche joins from Aon Benfield, Dubai, where she held the position of client manager for its Mena facultative business.
Consistent with this facultative pigmentation data, skin color (as measured by a Chroma Meter CR-300) was darker and more yellow-toned after summer in all three age groups.
If the total amount of insurance exceeds these limits then the automatic agreement is not effective and the companies resort to facultative reinsurance.
In industrialized countries wound myiasis is a sign of neglected wound care, with mostly facultative myiases seen.
Sullivan has been named president of Facultative Resources, Inc.
The awarded Broker on the Facultative Framework Agreement (Reinsurance Broker on on facultative reinsurance) shall assist EKF on matters relating to EKF~s facultative reinsurance, including but not limited to assisting on the structuring of tenders on facultative reinsurance (single transactions), which is expected to be facilitated in late 2016.
Facultative business can give rise to conflicts between reinsurers and cedants in the handling of claims, particularly if the cedant is concerned with reputational risk and has no meaningful exposure.
lt;p>With the opening of this Dubai Branch, Allianz said it will be able to offer its MENA clients and brokers access to the full range of AGCS products as a facultative reinsurer, including Property, Engineering, Marine and Casualty, as well as specialist services such as Energy, Aviation, and Financial Lines.

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