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common ultimate ownership

Spanish translation: último co-propiedad (o propiedad en común)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:common ultimate ownership
Spanish translation:último co-propiedad (o propiedad en común)
Entered by: Maria Eugenia Roca Rodriguez

16:15 Nov 30, 2005
English to Spanish translations [PRO]
Bus/Financial - Accounting / financial statements
English term or phrase: common ultimate ownership
Name of the company: xxx
Basis of influence: common ultimate ownership
Nature and scope of transactions: ...

Thanks!
Maria Eugenia Roca Rodriguez
Argentina
Local time: 13:09
último co-propiedad (o propiedad en común)
Explanation:
One thing you can do as an actuary or accountant is resign. As a reinsurer, you can certainly refuse to deal with the company, which is what I’ve chosen to do when I felt there was an issue. I recall one
company that reinsured much of its business to an offshore reinsurer. The companies share **common ultimate ownership**. I requested financials for the offshore company and received a photocopy of a piece of lined paper with three words on it—assets, liabilities and surplus. Of course, the numbers next to the words proved that the assets exceeded the liabilities by an impressive amount. We chose
not to reinsure the company, which went into rehab a few years later.
Selected response from:

Cristina Heraud-van Tol
Peru
Local time: 11:09
Grading comment
thanks :)

4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1último co-propiedad (o propiedad en común)
Cristina Heraud-van Tol


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
último co-propiedad (o propiedad en común)


Explanation:
One thing you can do as an actuary or accountant is resign. As a reinsurer, you can certainly refuse to deal with the company, which is what I’ve chosen to do when I felt there was an issue. I recall one
company that reinsured much of its business to an offshore reinsurer. The companies share **common ultimate ownership**. I requested financials for the offshore company and received a photocopy of a piece of lined paper with three words on it—assets, liabilities and surplus. Of course, the numbers next to the words proved that the assets exceeded the liabilities by an impressive amount. We chose
not to reinsure the company, which went into rehab a few years later.

Cristina Heraud-van Tol
Peru
Local time: 11:09
Native speaker of: Spanish
PRO pts in category: 60
Grading comment
thanks :)

Peer comments on this answer (and responses from the answerer)
agree  Egmont
59 mins
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