A provision found in some reinsurance agreements which provides for profit sharing.
Parties agree to a formula for calculating profit, an allowance for the reinsurer’s expenses, and the cedant’s share of such profit after expenses.
A provision found in some reinsurance agreements which provides for profit sharing.
Parties agree to a formula for calculating profit, an allowance for the reinsurer’s expenses, and the cedant’s share of such profit after expenses.