qualifying quota share

Definition and meaning of Qualifying quota share, QQS reinsurance :

A quota share treaty that may be purchased by a managing agent with the permission of LloydÕs so as to increase the underwriting capacity of its managed syndicate, subject to a specified limit and subject to the treaty complying with certain terms and conditions.

(Source Lloyd's )

Also see these pages: Qualifying quota share, QQS reinsurance , Insurance, Insurance Sitemap, Insurance Dictionary - Q

Definition and meaning of Syndicate allocated capacity :

The aggregate of the premium income limits of each of the members of the syndicate for a given year of account, stated in pounds sterling. It represents the amount of premium that the members of a syndicate may accept in that year of account without the benefit of a qualifying quota share reinsurance contract.

(Source Lloyd's )

Also see these pages: Syndicate allocated capacity , Insurance, Insurance Sitemap, Insurance Dictionary - S

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