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Schadenexendeten

English translation: excess of loss

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Schadenexedenten
English translation:excess of loss
Entered by: Lee Penya
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16:57 Oct 23, 2002
German to English translations [PRO]
Bus/Financial - Insurance / Insurance
German term or phrase: Schadenexendeten
This term appears in a letter from a German insurance company to a law firm:

"Der Satz, den wir zu streichen bitten, lautet:

'ABC Versicherung AG wird mit Wirkung ab 01.01.2003 ihren Rückversicherungsschutz durch einen oder mehrere ***Schadenexedenten*** im offenen Rückversicherungsmarkt decken."
Lee Penya
Local time: 10:20
excess of loss
Explanation:
Schadenexedentdeckung is loss excess cover. Schadenexedenten-Rückdeckung is excess of loss reinsurance.
Selected response from:

Kim Metzger
Mexico
Local time: 10:20
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +3excess of loss
Kim Metzger


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
excess of loss


Explanation:
Schadenexedentdeckung is loss excess cover. Schadenexedenten-Rückdeckung is excess of loss reinsurance.

Kim Metzger
Mexico
Local time: 10:20
Native speaker of: Native in EnglishEnglish
PRO pts in category: 206

Peer comments on this answer (and responses from the answerer)
agree  Richard Hall
1 hr

agree  Johannes Gleim: This makes sense. Too much reinsurance (Rückversicherung)
3 hrs

agree  gangels
4 hrs
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