FRONTING INSURER
\fɹˈʌntɪŋ ɪnʃˈʊ͡əɹə], \fɹˈʌntɪŋ ɪnʃˈʊəɹə], \f_ɹ_ˈʌ_n_t_ɪ_ŋ ɪ_n_ʃ_ˈʊə_ɹ_ə]\
Sort: Oldest first
-
An INSURER that is interposed between a CEDING INSURER or CAPTIVE, and a REINSURER. Use of a fronting insurer allows the insurer or captive to access the professional reinsurance market directly and obtain coverage at more favorable PREMIUM rates. Also known as FRONTING COMPANY.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.