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Glossary definitions are provided by Robert W. Strain, CLU, CPCU, and presented with the kind permission of Strain Publishing & Seminars, Inc., P.O. Box 1520, Athens, Texas 75751. This glossary appears in both Reinsurance 1997 and Reinsurance Contract Wording 1996. Both books are available from StrainPublishingInc.com. Permission is given to quote from this glossary or to reproduce it in whole or in part if the source of the quotation or reproduction is cited in the use thereof. Select content has been adapted/updated by Guy Carpenter to reflect changes in the reinsurance industry.

Reinsurance Terminology