Reinsurance Collectibility Problems Continue
For some of the largest ceding companies, reinsurance collectibility problems continue to be an issue. Although the amount of recoverables is not increasing dramatically, amounts in dispute and the timing of the recoveries are both increasing.
The first table, “Analyzing Trends,” displays the ratio of ceded recoverables-to-gross reserves and ceded recoverables as a percentage of surplus for 10 large primary companies. The 10 companies, which hold total gross reserves of $123 million, were selected based on their ceded premium volume. The ceded recoverables were calculated as ceded paid loss and loss adjustment expenses, case reserves, and incurred-but-not-reported reserves of non-affiliated companies.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
