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CEA expands January reinsurance cover
The California Earthquake Authority (CEA) expanded its maturing reinsurance limit by about $300mn in January to help cover its growing book, it is understood.
A firm-order terms sheet obtained by sister publication The Insurance Insider showed the CEA was looking to place two layers of aggregate reinsurance at the January renewals: a $1.0bn excess $3.9bn lower layer and a $1.3bn excess $5.7bn upper layer.
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Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor fears, according to the company’s earnings release and Berkshire Chairman Warren Buffett in his annual letter.
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CMS: Quota Share Reinsurance "Not Permissible" For Medicare Advantage Plans
In an abrupt change in position, the US Centers for Medicare & Medicaid Services ("CMS"), in its Advance Notice of Methodological Changes for Calendar Year (CY) 2018, the "Call Letter", published February 1, 2017, announced, for the first time, that quota share ("QS")reinsurance arrangements for Medicare Advantage ("MA") plans are "not permissible."
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Pages
Pages
CEA expands January reinsurance cover
The California Earthquake Authority (CEA) expanded its maturing reinsurance limit by about $300mn in January to help cover its growing book, it is understood.
A firm-order terms sheet obtained by sister publication The Insurance Insider showed the CEA was looking to place two layers of aggregate reinsurance at the January renewals: a $1.0bn excess $3.9bn lower layer and a $1.3bn excess $5.7bn upper layer.
- Read full article
- Comments(0) To comment, please Sign In
Berkshire Hathaway’s Insurance Keeps Growing and Hiring Despite Auto, Reinsurance Blips
Even though Berkshire Hathaway’s GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of competitor fears, according to the company’s earnings release and Berkshire Chairman Warren Buffett in his annual letter.
- Read full article
- Comments(0) To comment, please Sign In
CMS: Quota Share Reinsurance "Not Permissible" For Medicare Advantage Plans
In an abrupt change in position, the US Centers for Medicare & Medicaid Services ("CMS"), in its Advance Notice of Methodological Changes for Calendar Year (CY) 2018, the "Call Letter", published February 1, 2017, announced, for the first time, that quota share ("QS")reinsurance arrangements for Medicare Advantage ("MA") plans are "not permissible."
- Read full article
- Comments(0) To comment, please Sign In