What is a reinsurance agent?
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What is a reinsurance agent?
A Reinsurance Intermediary-broker means any person, other than an officer or employee of the ceding insurer, firm, association, or corporation that solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of that …
How does reinsurance broker work?
Reinsurance brokers act as a middleman (an intermediary party) between insurers seeking insurance and firms providing reinsurance. A reinsurance broker’s duties include analysis of insurance portfolios to assess risk levels and pinpoint where risk needs to be spread.
Who is the largest reinsurance broker?
Guy Carpenter
Top reinsurance brokers
| 2017 Ranking | Reinsurance Broker | 2016 Revenues ($m) |
|---|---|---|
| 1 | Guy Carpenter * | 1,141,000,000 |
| 2 | Aon Reinsurance Solutions | 1,361,000,000 |
| 3 | Willis Re* | 580,000,000 |
| 4 | TigerRisk Partners | 70,000,000 |
How much does a reinsurance broker make?
The salaries of Reinsurance Brokers in the US range from $40,000 to $60,000 , with a median salary of $50,000 . The middle 67\% of Reinsurance Brokers makes $50,000, with the top 67\% making $60,000.
What are the types of reinsurance?
7 Types of Reinsurance
- Facultative Coverage. This type of policy protects an insurance provider only for an individual, or a specified risk, or contract.
- Reinsurance Treaty.
- Proportional Reinsurance.
- Non-proportional Reinsurance.
- Excess-of-Loss Reinsurance.
- Risk-Attaching Reinsurance.
- Loss-occurring Coverage.
What is the No 1 insurance company in the world?
Ping An Insurance Group
Ranking of the 20 largest insurance companies according to Forbes
| Ranking | Company | Market value |
|---|---|---|
| 1 | Ping An Insurance Group | 211.2 |
| 2 | UnitedHealth Group | 369.6 |
| 3 | Allianz | 108 |
| 4 | China Life Insurance | 57.3 |