Fundamentals of Reinsurance and Reinsurance Markets

Reference At-A-Glance

Gain a Practical Grounding in the Fundamentals of Reinsurance and the Marketplace.

Fundamentals of Reinsurance and Reinsurance Markets Authors: Steven M. McElhiney and Teresa Huddleston
Pages: 110
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Description

Steven M. McElhiney's insurance industry experience spans over 2 decades, including executive positions with major insurance and reinsurance companies as well as industry associations,giving him a multidimensional understanding of insurance and reinsurance. Teresa Huddleston, his coauthor, contributes her legal and corporate background to this practical introduction to the complex topic of reinsurance.

This book addresses some of the key and unique aspects of reinsurance and also provides an overview of its history and future. It summarizes the basics and provides an overview of specific aspects such as claims, accounting, and captives.

Those who are new to reinsurance purchasing, underwriting, or sales will benefit from this book. Using examples, easy-to-understand illustrations, and handy checklists, it is a timely, real-world introduction to the highly specialized field of reinsurance.

Features and Benefits to You

Gain a Practical Grounding in Reinsurance through the Discussion of:

  • How the different types of facultative and treaty reinsurance work
  • Approaches to buying and selling reinsurance
  • The typical structure of the claims function of reinsurers
  • When to consider a commutation and how to approach it
  • The use of reinsurance by captive insurers
  • Key reinsurance contract provisions and what they accomplish