A reinsurance broker who negotiates contracts of reinsurance on behalf of
the reinsured, usually with those reinsurers that recognize brokers and pay them
commissions on reinsurance premiums ceded. The intermediary also acts as a conduit
through which communications between the insurer and reinsurer are passed, including
the payment of premiums by the reinsured to the reinsurer and the collection
of losses for the reinsured from the reinsurer.
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