| Credit risk relates to the risk that the reinsurer will fail to pay the insurer what it is owed. |
| However, in the bill the federal government is empowered to be the reinsurer of the nuclear facilities. |
| The Company records an amount receivable from the ceding insurer or payable to the reinsurer representing the premium due. |
| But Europe is now the largest market, according to Jürg Trüb of Swiss Re, a reinsurer. |
| A cedant receives compensation for losses from a reinsurer, but the contract obliges the cedant to repay the compensation in future years. |
| The reinsurer also has visibility regarding the financial exchanges made with its cedant. |
