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An insurance firmG must monitor its exposure, defined as sums insured, to an individual reinsurer and provide details of its reinsurance programme to the CBB. It must notify the CBB if its total aggregate exposure, on a premium basis, to one reinsurer (or group of related reinsurers) exceeds 25% of individual or aggregate risks and why it considers that this exposure does not pose a credit riskG for which a provision should be made.

Amended: January 2007
(2 Versions)
Up to Jun 30 2007Jul 1 2007 onwards
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