first surplus reinsurance treaty
The sharing of risk by a reinsurer with the ceding company on a pro rata basis, excess of a specific retention.
first surplus reinsurance treaty
The sharing of risk by a reinsurer with the ceding company on a pro rata basis, excess of a specific retention.
Additional Information
The proportion is sometimes fixed and sometimes varied according to different classes of risks and the net retentions that the insurer keeps for its own account.
