Results for tag: "Excess Of Loss"

Excess of Loss (EoL) reinsurance is a type of reinsurance that provides protection against catastrophic losses. It is a form of risk transfer that allows insurers to protect themselves from losses that exceed a predetermined amount. The reinsurer agrees to pay a portion of the losses that exceed the predetermined amount, up to a certain limit. The insurer pays a premium to the reinsurer in exchange for this protection. EoL reinsurance is typically used to protect against large losses from natural disasters, such as hurricanes, earthquakes, and floods. It can also be used to protect against losses from other sources, such as fire, theft, and liability. EoL reinsurance is an important part of the reinsurance market, as it helps insurers manage their risk and protect their balance sheets. It is also used to help insurers manage their capital requirements, as it allows them to spread their risk across multiple reinsurers. Some of the major players in the EoL reinsurance market include Munich Re, Swiss Re, Hannover Re, SCOR, and XL Catlin. Show Less Read more