Glossary entry

Spanish term or phrase:

% de participación en beneficios que reconocerá la empresa de reaseguro a la

English translation:

% of interest in profits that the reinsurance company will acknowledge to the insurance company ...

Added to glossary by Michael Powers (PhD)
Feb 20, 2009 15:46
15 yrs ago
16 viewers *
Spanish term

% de participación en beneficios que reconocerá la empresa de reaseguro a la

Spanish to English Bus/Financial Insurance
Porcentaje de participación en beneficios que reconocerá la empresa de reaseguros a la de seguros sobre los resultados en el contrato
Change log

Feb 20, 2009 15:54: Michael Powers (PhD) changed "Field" from "Other" to "Bus/Financial" , "Field (specific)" from "Religion" to "Insurance"

Mar 6, 2009 12:10: Michael Powers (PhD) Created KOG entry

Discussion

Joss Heywood Feb 20, 2009:
Aah! the greatest religion in the world! Of course!
Michael Powers (PhD) Feb 20, 2009:
Joss, I think it's the monetary religion - the business that always makes money.
MikeGarcia Feb 20, 2009:
Probably Lloyd's of London....
Joss Heywood Feb 20, 2009:
Which religion is this?

Proposed translations

+2
3 mins
Selected

% of interest in profits that the reinsurance company will acknowledge to the insurance company ...

Mike :)
Peer comment(s):

agree MikeGarcia : The bird/plane agrees...
3 mins
Faster than a bullet - I heresay, what red cape do you have on? - Mike :)
agree Ivan Nieves : :)
3 hrs
Thank you, covelas - Mike :)
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+1
22 mins

Profit sharing % which the reinsurance company will provide to x

I´m looking at it, but I don´t see the reference to interest... isn´t this just a question of % of profit sharing and the figure which the insurance company will provide/award/share with X?
Peer comment(s):

agree cmwilliams (X) : known as 'profit commission' in reinsurance agreements. http://mfgrisk.com/glossary/ppp/p210.htm
7 hrs
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1 day 5 hrs

% share of profit (which) the reinsurance insurance will grant the (ceding) ins. co.

Follow-the-fortunes as co-religionists on this therad will know means that the ceding ins. co. takes the credit as well as the rap.

Reconocer is simply to grant or allow.

Example sentence:

Admitted Reinsurance - A company is “admitted” when it has been licensed and .... for the reinsurer’s expenses, and the cedant’s share of such profit after ...

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