A REINSURANCE agreement providing the INSURER with cover for adverse loss experience from an accumulation of catastrophic events; such agreements often have an incremental DEDUCTIBLE and COINSURANCE.
CATASTROPHE PER OCCURRENCE EXCESS OF LOSS
A REINSURANCE agreement providing the INSURER with cover for adverse loss experience from an accumulation of catastrophic events; such agreements often have an incremental DEDUCTIBLE and COINSURANCE.