300000000 QBE Capital Funding LP - Irish Stock Exchange

Incurred but not reported (IBNR) ......
Insurance solvency .................
Inward reinsurance .................
Lloyd’s ..........................
Long-tail .........................
Net claims incurred .................
Net earned premium ................
Net written premium ................
Outstanding claims .................
Outward reinsurance ................
Premium .........................
Proportional reinsurance .............
Recoveries ........................
Reinsurance .......................
Claims arising out of events that have occurred before the end of an
accounting period but have not been reported to the insurer by that
date.
Ratio of net tangible assets over net earned premium, which indicates
how liquid are an insurer’s assets to pay claims.
Thereinsurance or assumption of risks written by another insurer.
TheSociety and Corporation of Lloyd’s, incorporated by the Lloyd’s
Acts 1871 to 1982, including the Council of Lloyd’s and any person
or delegate acting under its authority as the context may require.
Classes of insurance business involving coverage for risks where
notice of a claim may not be received for many years and claims may
be outstanding for more than one year or more before they are finally
settled and quantifiable by the insurer; protracted legal proceedings
may be involved to apportion liability and to establish the quantum of
claims.
Theamount of claims incurred during an accounting period after
deducting reinsurance recoveries.
Netwritten premium adjusted by the net change in unearned premium
for a year.
Thetotal premium on insurance underwritten by an insurer during a
specified period, after deduction of premium applicable to reinsurance
acquired in respect thereof.
Theamount of provisions established for claims and related claims
expenses that have occurred but have not been paid.
Thereinsurance or cession of risks by the insurer to an assuming
reinsurer.
Payments and consideration for insurance, surety bonds or
reinsurance coverage under insurance policies, surety bonds or
reinsurance agreements.
Atype of reinsurance in which the original insurer and the reinsurer
share losses in the same proportion as they share premiums.
Theamount of claims recovered from reinsurance, third parties or
salvage.
Anagreement to indemnify a primary insurer by a reinsurer in
consideration of a premium with respect to agreed risks insured by the
primary insurer. The enterprise accepting the risk is the reinsurer and
is said to accept inward reinsurance. The enterprise ceding the risks is
the cedant or ceding company and is said to place outward
reinsurance.
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