loss portfolio transfer
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
A deal in which an insurer cedes a block of existing claim liabilities to a reinsurer for a single premium.
We executed a loss portfolio transfer to move the legacy asbestos reserves off the balance sheet.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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