What does Professional Reinsurer mean? Read on to discover the definition & meaning of the term Professional Reinsurer - to help you better understand the language used in insurance policies.
A term used to designate a company whose business is confined solely to reinsurance and the peripheral services offered by a reinsurer to its customers. This is in contrast to primary insurers, which exchange reinsurance or operate reinsurance departments as adjuncts to their basic business of primary insurance.
We hope the you have a better understanding of the meaning of Professional Reinsurer.