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
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
The cost of employing people remains a concern.
Code of Practice for Electrical Energy Storage Systems.
ECA calls on members to comment on draft 4th edition.
Bringing together expertise and creating cultural benefits.
CIOB celebrates positive Ofsted report.
The Building Safety Regulator announces a call for evidence.
Government approach could undermine delivery and regeneration.
World's first mass timber data centre.
The overlooked environmental aspect of data centre development.
Introduction to radon awareness
New technical information sheet published by CIOB.
Updated supplier guide can help electrical contractors engage with NHP.
CIAT confirm the winners of the 2026 architectural technology awards.
Government launches a one stop shop for flood preparedness.
Sir Edwin Lutyens: Britain's greatest architect? Book review.
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.