The act of cession is the assignment of property to another entity.

Bermuda remains the world's leading domicile for captive insurance and reinsurance companies.

Agreement on the establishment of a Maghreb Committee on Insurance and Reinsurance

In particular, treaties of cession and other treaties effecting permanent territorial dispositions create permanent rights.

Spain made a cession of East and West Florida by the treaty of February 22, 1819.

The international community can help overcome this reticence by establishing a global reinsurance mechanism.

There were many countries which mandated that reinsurance be provided by State licensed monopolies.

(k) Promote the development of financial risk sharing mechanisms, particularly insurance and reinsurance against disasters.

In 1993, the reinsurance market grew significantly enough to increase demands on new local infrastructure and services.

The Reinsurance Association of America, a non profit trade association, is using the findings of its survey to support greater United States Government involvement in the reinsurance industry through an increase in Federal excise taxes on premiums paid offshore. 31

During the year ending 31 December 1992, a total of 59 new insurance companies registered in the Territory, reinforcing its claim to be the largest reinsurance centre in the world, with a total of 1,324 registered insurance and reinsurance corporations.

This is an improper interpretation of the law of cession which, in any case, cannot be applied to the case of Mayotte.

(a) Urged ZEP RE member States to take appropriate measures to facilitate the compulsory cessions to the PTA Reinsurance Company

Legal Consultant to the African Development Bank, Abidjan, to assist in drafting the charter for the African Regional Reinsurance Corporation, 1974.

During the reporting period, the international business sector, including insurance, reinsurance and mutual fund management and administration, continued to dominate the economy.

The Ministry of Finance monitors persons trading in precious metals and precious stones, insurance and reinsurance companies, mutual assurance associations and insurance brokers

Having noted the status of the PTA Reinsurance Company and the satisfactory progress it had achieved during the first year of its operation

According to the report, the quot model legislation quot would impose tougher financial controls and severe restrictions on reinsurance arrangements called quot fronting quot .

The war ended on 30 October 1864, when the Treaty of Vienna caused Denmark's cession of the Duchies of Schleswig, Holstein, and Saxe Lauenburg to Prussia and Austria.

The statement added that the ratio of premiums to capital and surplus demonstrated the quot continued conservatism of Bermuda insurance and reinsurance companies quot . 7

13. For health care, the Sierra Leone Red Cross Society, supported by the African Reinsurance Corporation (AFRICARE), provided health care through 12 clinics in Kailahun and Kenema.

After an ultimatum on 30 September (but without consulting with any other countries), Poland obtained the disputed Zaolzie region as a territorial cession shortly after the Munich Agreement, on 2 October.

Some concepts from Spanish law, such as the prior appropriation doctrine and community property, still persist in some US states, particularly those that were part of the Mexican Cession in 1848.

Geoffrey held the duchy until 1149, when he and Matilda conjointly ceded it to their son, Henry, which cession was formally ratified by King Louis VII of France the following year.

2) Treaties representing completed situations or intended to set up a permanent state of things, for example, treaties of cession or treaties fixing boundaries, are unaffected by war and continue in force.

On June 28, 1940, the Soviet Union, with the acknowledgement of Nazi Germany, issued an ultimatum to Romania requesting the cession of Bessarabia and northern Bukovina, with which Romania complied the following day.

In 1993, investors placed more than B 4 billion into new catastrophe reinsurance companies, with some of the world apos s leading reinsurers establishing new subsidiaries in the Territory. 7

What started with subprime mortgages spread to all collateralized debt obligations, endangered municipal and mortgage insurance and reinsurance companies and threatened to unravel the multi trillion dollar credit default swap market.

He also said that his department was increasing the level of its staff and improving its technical facilities in order to cope with the growth in the insurance and reinsurance market.

11.5 The State party further explains that under the major land cession treaties of Canada, including the Williams Treaties, what were once aboriginal rights to hunt and fish were redefined and reshaped through the treaties.

4. In April 1900, the Samoan high chiefs formally ceded the islands of Tutuila and Aunuu to the United States, and in July 1904 the cession was expanded to include Ofu, Olosega, Tau and Rose.

One of Kaiser Wilhelm II s great mistakes two decades later was to fire Bismarck, fail to renew his reinsurance treaty with Russia, and challenge Britain for naval supremacy on the high seas.

Building on previous work carried out in UNCTAD, alternative mechanisms to reinsurance regarding environmental and catastrophic risks will be studied and an exchange of experience on creditor insurance for small and medium size enterprises promoted.

Regional cooperation among developing countries in the field of insurance and reinsurance will be examined and technical cooperation activities strengthened in order to disseminate the findings of UNCTAD studies and assist countries in human resource development.

The growth of this sector was attributable mainly to higher rates on international reinsurance, following a number of recent natural disasters, as well as to the Territory apos s financial regulations and the absence of a tax on profits, dividends or income. 25

A recent phenomenon that has added to the burden on our countries has been the huge rise in insurance premiums on property and the withdrawal by large international insurance companies of reinsurance facilities for the islands of our subregion, now classified as high risk entities.

(c) Alternative mechanisms to meet the insurance and reinsurance needs in respect of environmental impairments. (Although insurance does not appear as such as an issue in Agenda 21, this work element is relevant to chapters 4, 14 and 17 to 22 of Agenda 21.)

8. It was reported in June 1992 that the United States National Association of Insurers Commission (NAIC) had tabled legislation before a United States congressional committee to increase from 1 to 4 per cent the federal excise tax on reinsurance premiums originating from the United States.

During the first half of the 19th century, the possibility of Russia demanding the cession of a stretch of coast along the Varangerfjord was for some time on the European diplomatic agenda, inducing King Oscar I of Sweden and Norway to conclude an alliance (1855) with Britain and France in order to forestall this possibility.

UNCTAD continued its assistance to the insurance sector in close cooperation with Africa's regional insurance organization, the African Insurance Organization (AIO) The 2004 UNCTAD African Insurance Organization (AIO) Seminar on Insurance, Reinsurance and Catastrophe Risks, held in Casablanca, attracted more 400 participants, and resulted in the creation of the Centre for African Catastrophe Risks (CARC ACCR) in Casablanca.