This is a reinsurance wording clause commonly used in Liability treaty reinsurance. It excludes coverage for liabilities arising in the USA or Canada, but provides a limited write-back of coverage for certain products liability/public liability/employers liability and (in the case of the latest version of LGT 397) personal liability where such coverage is incidental to the underlying policy. - The reason for that is the widespread endeavour to immunize non-US-related reinsurance treaties against US-jurisdiction.
There are two kinds of clauses and three types of clauses in the English language. The two kinds are independent and dependent. An independent clause consists of a subject and a predicate that represent a complete thought. Dependent clauses depend on independent clauses to make complete sense. the three dependent clauses are noun clauses, adjective clauses, and adverb clauses.
a complete subject and a complete predicate
Quantity is a noun, meaning how much, or many there is of something. The word can be abbreviated as qty.
Yes, introductory participal phrases and adverb clauses are set off from main clauses by commas
Relative pronouns are clue words for adjective clauses.
LGT Group's population is 1,950.
LGT Group was created in 1920.
Reinsurance ceded by an insurer or re-insurer as opposed to inwards reinsurance which is reinsurance accepted.
lgt
The head office of the LGT private banking group is based in Vaduz, Liechtenstein. The LGT group is the largest family owned, private wealth and asset manager in Europe.
Global Reinsurance was created in 1990.
LGT=light duty, CONVT=conventional
Reinsurance Group of America was created in 1973.
Reinsurance Group of America's population is 1,655.
The population of Reinsurance Group of America is 2,011.
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
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