( Insurance : Reinsurance )
excess, loss1, loss2
Catastrophe excess of loss reinsurance protects the insurance company against an accumulation of losses due
to single events such as major natural or human-made disasters.
Catastrophe excess of loss reinsurance was developed after the San Francisco earthquake in 1906 to protect insurers against
Catastrophe excess of loss is a form of excess of loss reinsurance where the reinsurer agrees to reimburse the
amount of a very large loss in excess of a particular sum.
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