Results for tag: "Property Reinsurance"

Property Reinsurance is a type of reinsurance that provides protection to insurers against losses from property damage. It is typically used to cover large risks such as natural disasters, fires, and other catastrophes. Property Reinsurance is typically purchased by primary insurers to protect against large losses that could potentially bankrupt them. The reinsurer will assume a portion of the risk, allowing the primary insurer to spread the risk across multiple parties. Property Reinsurance is a highly competitive market, with many reinsurers offering different levels of coverage and pricing. Reinsurers must be able to assess the risk of a particular property and determine the appropriate level of coverage. Reinsurers must also be able to provide the necessary capital to cover the risk. Some of the major players in the Property Reinsurance market include Munich Re, Swiss Re, Hannover Re, SCOR, and XL Catlin. Show Less Read more