Reinsurance
Insurance Policyholder Taxation Manual, published by HM Revenue & Customs on 19 March 2016, defines reinsurance as: ‘the insurance of the risks assumed by or potential losses of another insurer (the direct insurer) whereby the latter covers a proportion of the risks assumed or the eventuality of atypically large losses (see also retrocession).’
It defines retrocession as: 'the reinsurance of reinsurance business, providing cover for the business in excess of that which the reinsurer wishes to retain for its own account.'
[edit] Related articles on Designing Buildings
- Actuary.
- Collateral warranties.
- Contractors' all-risk insurance.
- Design liability.
- Directors and officers insurance.
- Employer's liability insurance.
- 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.
Featured articles and news
Insights of how to attract more young people to construction
Results from CIOB survey of 16-24 year olds and parents.
Focussing on the practical implementation of electrification.
Sustainable Urban Drainage and Biodiversity
Awards for champions of these interconnected fields now open.
Microcosm of biodiversity in balconies and containers
Minor design adaptations for considerable biodiversity benefit.
CIOB student competitive construction challenge Ireland
Inspiring a new wave of Irish construction professionals.
Challenges of the net zero transition in Scotland
Skills shortage and ageing workforce hampering Scottish transition to net zero.
Private rental sector, living standards and fuel poverty
Report from the NRH in partnership with Impact on Urban Health.
.Cold chain condensing units market update
Tracking the evolution of commercial refrigeration unit markets.
Attending a conservation training course, personal account
The benefits of further learning for professsionals.
Restoring Alexander Pope's grotto
The only surviving part of his villa in Twickenham.
International Women's Day 8 March, 2025
Accelerating Action for For ALL Women and Girls: Rights. Equality. Empowerment.
Lack of construction careers advice threatens housing targets
CIOB warning on Government plans to accelerate housebuilding and development.
Shelter from the storm in Ukraine
Ukraine’s architects paving the path to recovery.
BSRIA market intelligence division key appointment
Lisa Wiltshire to lead rapidly growing Market Intelligence division.
A blueprint for construction’s sustainability efforts
Practical steps to achieve the United Nations Sustainable Development Goals.
Timber in Construction Roadmap
Ambitious plans from the Government to increase the use of timber in construction.
ECA digital series unveils road to net-zero.
Retrofit and Decarbonisation framework N9 launched
Aligned with LHCPG social value strategy and the Gold Standard.
Comments
[edit] To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line.