An Insurer who agrees to reimburse another Insurer in respect of claims on the latter’s liability.
An Insurer who agrees to reimburse another Insurer in respect of claims on the latter’s liability.
A loss which is a direct consequence of a particular peril. Fire damage to a refrigerator would be a direct loss. Spoiling of food in the refrigerator as a result of the fire damage would be an indirect loss.