An Insurer who acts for other (re)insurers by issuing a policy in its own name, thereby holding itself directly liable for claims to the insured, although the liability of the Company is reinsured 100% with other insurers.
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Named perils are the specific dangers a policy insures you against – such as fire, windstorm, and hail in a homeowner’s policy, for example. These perils are “named” or listed in the policy.