PARIS RE

Home

PARIS RE is a global provider of reinsurance solutions through its operating subsidiaries located in Switzerland, France, the United States, Singapore, Canada and Bermuda. The company operates in all lines of facultative and treaty reinsurance covering property, casualty, marine, aviation & space, credit & surety, life, accident & health as well as a wide range of other risks. At its formation, PARIS RE acquired essentially all of the active business of AXA RE. Based on consolidated financial figures at 31 December 2007, PARIS RE shareholders’ equity amounted to 2.474 billion US dollars. On a 12-month pro forma basis, PARIS RE wrote 1.411 billion US dollars in gross premiums in 2007.

 
 

Welcome on PARIS RE

Glossary

Print this page

A-C    D-F    G-I    J-L    M-O    P-R    S-U    W-Z   

WARRANTY

A warranty to the REINSURER that the CEDING COMPANY will retain (net) a specified amount of insurance or that no higher layer of EXCESS OF LOSS REINSURANCE is carried. Also REINSURANCE WARRANTY.


WORKING COVER

A contract covering an amount of EXCESS OF LOSS REINSURANCE in which loss frequency is anticipated.


WRITTEN PREMIUMS

Total amount of premiums issued for all businesses underwritten in the financial year. The term gross written premiums refers to the company's PREMIUM INCOME while net written premiums are considered net of all retroceded premiums. Furthermore, underwriting results on an ultimate basis are equal to the sum of gross written premiums and PREMIUMS TO BE WRITTEN.


A-C    D-F    G-I    J-L    M-O    P-R    S-U    W-Z   




   Top