Translation of "réassurance à couverture fixe " (French → English) :

(Return tabled) Question No. 465 Ms. Elizabeth May: With regard to the Nuclear Liability and Compensation Act enacted as part of Bill C-22, with particular reference to the government's decision to increase the absolute liability amount and mandatory insurance coverage for nuclear operators to $1 billion: (a) has the Department of Natural Resources (DNR) asked Ontario Power Generation whether removing the cap on operator liability, while maintaining the level of absolute liability and mandatory insurance coverage required under the Act at $1 billion, would increase its generation costs and, if so ...[+++], what were the details of the response, including the estimated increased cost-per-kWh; (b) has the DNR asked Bruce Power whether removing the cap on operator liability, while maintaining the level of absolute liability and mandatory insurance coverage required under the Act at $1 billion, would increase its generation costs and, if so, what were the details of the response, including the estimated increased cost-per-kWh; (c) has the DNR asked New Brunswick Power whether removing the cap on operator liability, while maintaining the level of absolute liability and mandatory insurance coverage, would increase its generation costs and, if so, what were the details of the response, including the estimated increased cost-per-kWh; (d) in the scenario in which the limit on reactor liability is removed while the mandatory insurance coverage and absolute liability of the operator remain at $1 billion, what is the DNR's estimate of the impacts that removing the cap on liability would have on provincial electricity rates, (i) what additional impacts would there be if the mandatory insurance coverage and absolute liability of the operator were increased to $1.5 billion, all other things being equal, (ii) what would the additional impacts be if the mandatory insurance coverage and absolute liability of the operator were increased to $2 billion, all other things being equal; (e) does ...

A number of market operators were approached and declined to provide reinsurance for the remaining part in spite of its alleged profitability (16 operators decided not to participate). Consequently, ‘after numerous attempts to reach an agreement with the market participants’ (103), SACE BT decided to seek the remaining part of the excess of loss reinsurance from SACE.

This Directive should not apply to the provision of reinsurance cover carried out or fully guaranteed by a Member State for reasons of substantial public interest, in the capacity of reinsurer of last resort, in particular where because of a specific situation in a market, it is not feasible to obtain adequate commercial cover; in this regard, a lack of ‘adequate commercial cover’ should mainly mean a market failure which is characterised by an evident lack of a sufficient range of insurance offers, although excessive premiums should not per se imply inadequacy of that commercial cover.

the supervisory authority may not refuse a reinsurance contract on the grounds related to the financial soundness of an insurance or reinsurance undertaking of another member state; there must be no provision for a system of gross reserving which requires the pledging of assets to cover unearned premiums and outstanding claims provisions (prohibition of deposit of security) ; primary insurance undertakings that also offer reinsurance are subject to the same solvency requirements as reinsurance undertakings; reinsurance undertakings ...[+++] are placed on the same footing as primary insurance undertakings for the application of the insurance groups directive.

The Commission has approved a joint venture called inreon, an online business-to-business (B2B) reinsurance trading platform, which will enable insurers and insurance brokers to obtain bids from reinsurers on big property and catastrophic risks and conclude reinsurance contracts online.

When it adopted the guidelines on national regional aid on 16 December 1997, the Commission also set the ceiling for regional aid coverage during the period from 2000 to 2006 at 42.7% of the Union's population, which is a fall of 4 percentage points from the current population coverage (see IP/97/1137, 17.12.1997).