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Does the reinsurance in "Gross of Reinsurance" here mean retro?
Gross of Reinsurance means:
Since this is a reinsurer, there is no direct business. It is all assumed. But it then appears as if this reinsurer purchased 50% quota-share reinsurance from another reinsurer.
Note also that Net of Reinsurance means:
I see, thanks Graham!
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Gross of Reinsurance means:
Since this is a reinsurer, there is no direct business. It is all assumed. But it then appears as if this reinsurer purchased 50% quota-share reinsurance from another reinsurer.
Note also that Net of Reinsurance means:
I see, thanks Graham!