The study will cover the following:
What is Reinsurance?
Why Buy Reinsurance?
Different types of Treaty Reinsurance - proportional/ non proportional, and how they are arranged - per risk or per event.
How are premium and claims handled in different treaty types?.
Facultative Reinsurance/ how is it different to treaty Reinsurance?
Why adverse selection is good.
As well as the following:
- Reasons to buy facultative reinsurance
- Premium distribution
- Some new trends
About John Stubbs
I have 44 years in the industry.
My first job after school was with The South British Insurance
Company in Takapuna in January 1972 until December 1979. (Inspector)
Most of 1980 I was overseas on my OE.
Late 1980 to June 1987 Norwich Winterthur. (Broker Liaison officer)
June 1987 until present day with Cologne Re who were bought by
General Reinsurance in 1995. Currently New Zealand Branch Manager,
A highlight of my reinsurance career has been year after year making
a meaningful and positive contribution to the bottom line results of
Due to the scope and size of the Canterbury earthquake sequence
Insurance and Reinsurance both contributed to the economy of New
Reinsurance, like Insurance, is a promise to pay. The value of
Reinsurance to the New Zealand economy was admirably demonstrated by the
Canterbury earthquake sequence.
Being a member of the ICNZ Commercial Committee for 2 decades and
other ICNZ committees (eg the current EQC review committee) has shown me
the complexity and constant change that our Insurance industry always
faces. It never stands still. Learning and keeping up with change is a
necessary and constant process for everyone in this industry.