UK Insurance: Reinsurance Essentials

Summary

This practice note will discuss reinsurance, a specialized but vital area of insurance. It addresses the parties to a reinsurance contract, reinsurance terminology, and the different forms of reinsurance. Proportional and non-proportional reinsurance and facultative and treaty reinsurance are also discussed. Guidance on the types of reinsurance treaties, specialized reinsurance, and horizontal cover and reinstatement of limits is also provided.