front company
An insurer that issues a policy and cedes all or a substantial part of the
risk to another insurer. Certain types of statutory coverages requiring evidence
of insurance from admitted insurers are fronted and reinsured by captives. A
"pure front" is one that delegates underwriting and claims handling authority
to the reinsurer or a managing general agent (MGA). Most insurers that front
for captives are not pure fronts.