Reinsurance Exchange

Definition of "Reinsurance exchange"

Brenda  Porte real estate agent
Brenda Porte, Real Estate Agent Peedin Real Estate

Group in which subscribing members agree to (1) regulations governing their behavior, and (2) the qualifications that reinsurance contracts ceded to them must meet in order to be acceptable. The exchange is run by a manager who has the power of attorney to represent each member and the exchange in the conduct of the reinsurance business. However, today these exchanges are no longer a factor in the reinsurance market.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions