Financial Reinsurance [Discussion]

The paper which is printed here has its roots in meetings of the General Insurance Study Group in 1991 and 1992 and the Discussion Meeting held by the Institute of Actuaries on 22 February 1993, based on a discussion document drawn up by a working party whose member were: R.C. Wilkinson, B.Sc., F.I.A., P.K. Clark, M.Sc., F.I.A., D.H. Craighead, B.Sc., M.A., F.I.A., J.W. Dean, M.A. A.C.A., A. H. Silverman, M.A., F.I.A. and M.G. Shite, B.Sc., F.I.A. This paper, compiled by D.H. Craighead, is largely derived from that discussion document, although the order in which the material is presented has been changed and account has been taken of points made in the discussion that took place at the meeting, together with advise and comment by P.H. Hinton, B.A., F.I.A. Hence, it attempts to summarize actuarial standpoints within the United Kingdom on the subject of financial reinsurance, but not all actuaries will necessarily agree with all the views expressed.