- A type of reinsurance that provides additional coverage to the insurance company in the event that one casualty loss event results in two or more claims from insured policy holders. Clash reinsurance is purchased by companies for their own security. It reduces the potential maximum loss on either a single risk or a large number of risks.
Clash reinsurance extends the coverage from normal reinsurance recoveries when the insurance company is faced with two or more claims from multiple insureds following a catastrophic event, such as a hurricane, flood, fire or earthquake.
The clash insurance is intended to protect the insurer when multiple claims arise from out of the ordinary events and allows insurance companies to share large risks with other companies.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium
2011 Christchurch earthquake — Christchurch earthquake redirects here. For other uses, see Christchurch earthquake (disambiguation). For the 13 June 2011 aftershock, see June 2011 Christchurch earthquake. February 2011 Christchurch earthquake ChristChurch Cathedral and the… … Wikipedia
Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… … Universalium
Otto von Bismarck — Not to be confused with Otto Christian Archibald von Bismarck. Otto von Bismarck Otto von Bismarck in August 1890 1st Chancellor of the German Empire … Wikipedia
Conglomerate (company) — For a kind of rock, see Conglomerate (geology). A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure (a corporate group), usually involving a parent company… … Wikipedia
Scramble for Africa — For the book by Thomas Pakenham, see Thomas Pakenham (historian)#The Scramble for Africa. For information on the colonization of Africa prior to the 1880s, including Carthaginian and early European colonization, see Colonization of Africa. The… … Wikipedia
World War I — This article is about the major war of 1914–1918. For other uses, see World War One (disambiguation) and Great War (disambiguation). World War I … Wikipedia
Switzerland — /swit seuhr leuhnd/, n. a republic in central Europe. 7,248,984; 15,944 sq. mi. (41,294 sq. km). Cap.: Bern. French, Suisse. German, Schweiz. Italian, Svizzera. Latin, Helvetia. * * * Switzerland Introduction Switzerland Background: Switzerland s … Universalium
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium