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catastrophe reserves

Catastrophe reserves are reserves on a captive's balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses.

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catastrophe reserves

Catastrophe reserves are reserves on a captive's balance sheet that are for paying neither known nor incurred but not reported (IBNR) losses.

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The ideal would be to build up these catastrophe reserves for an emergency when they will be needed.