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Last edited 23 Jan 2023
Insurance Policyholder Taxation Manual, published by HM Revenue & Customs on 19 March 2016, defines a catastrophe as: ‘an event leading to substantial losses, such as an explosion, hurricane or earthquake.’
It defines catastrophe insurance as: ‘a form of excess of loss reinsurance under which the ceding insurer is indemnified, subject to a specified retention and an over-riding limit, against an accumulation of losses arising from a catastrophic event (for example, an earthquake or hurricane).’
See also: Catastrophe bonds.
- Catastrophe bonds.
- Design liability.
- Directors and officers insurance.
- Employer's liability insurance.
- Integrated project insurance.
- JCT Clause 6.5.1 Insurance.
- Joint names policy.
- Latent defects insurance.
- Legal indemnities.
- Legal indemnity insurance.
- Non-negligent liability insurance.
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