What does Portfolio Reinsurance mean? Read on to discover the definition & meaning of the term Portfolio Reinsurance - to help you better understand the language used in insurance policies.
A transaction in which an entire line of insurance, class of business, territory, or book of business of an insurer is reinsured. Under portfolio reinsurance, the reinsurer assumes all of the primary insurer's liability. It is typically arranged when an insurer wishes to discontinue operations in a specific state or territory.
We hope the you have a better understanding of the meaning of Portfolio Reinsurance.