Glossary entry

English term or phrase:

capacity (of facility)

Spanish translation:

capacidad de suscripción del riesgo obligatorio-facultativo de reaseguro

Added to glossary by César Cornejo Fuster
Jun 11, 2023 07:37
11 mos ago
33 viewers *
English term

capacity (of facility)

English to Spanish Bus/Financial Business/Commerce (general) Facility
Se trata de una carta de los abogados de los propietarios de una embarcación en la que insta a varias aseguradoras a celebrar una reunión para establecer quién tiene la responsabilidad de unos daños sufridos por la embarcación.

La traducción es para España.

En este caso creo que no se puede traducir "capacity" como capacidad. ¿"The capacity funding YYY facility" podrían ser los avalistas de la línea de crédito de la aseguradora?

"In the round table meeting between the parties on 19 April [...], the discussion centered on what technocally was the cause of the damage and, to some extent, also which year of account would and should respond. XXX and YYY seemed to agree in principle on a funding arrangement to start reimbursing Owners for the very substantial invoices already paid to the yard [...], the idea being that XXX and YYY would participate 50/50 in the first instance but subject ultimately to them resolving between them which year of account (and thus which Underwriter) must respond. This putative funding arrangement foundered because ***the capacity*** backing the YYY facility refused to participate in circumstances where they considered there to be such uncertainty as to the loss falling withing a "YYY" year of account".

Proposed translations

4 hrs
Selected

capacidad de suscripción del riesgo obligatorio-facultativo de reaseguro

INTRODUCCIÓN AL REASEGURO - MAPFRE Corporativo
https://app.mapfre.com › ccm › cs-seguro › libros
PDF
31 dic. 2011 — Reaseguro facultativo-obligatorio (llamado “Fac-Ob”). ... En este pool los miembros se comprometen a suscribir los riesgos estipulados.
218 páginas



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Note added at 12 hrs (2023-06-11 19:44:56 GMT)
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existe también el término "facilidad de reaseguro" pero da la impresión que es una transliteración del inglés:

Facilidad de reaseguro - David G. Sayles Insurance
https://www.dsayles.com › glossary › facilidad-de-reas...
Facilidad de reaseguro ... Un mecanismo alternativo para atender a aquellos Asegurados que no pueden obtener un seguro en el mercado voluntario. Las primas y ...

Los tratados de reaseguro y sus clases - vLex
https://vlex.es › Libros y Revistas › El Reaseguro
El aumento y desarrollo del Tratado se debe, probablemente, a que ofrece de forma conveniente y adecuada mayores facilidades de reaseguro, lo que, ...

"capacidad de suscripción de facilidad de reaseguro" no registra ningún acierto (Ghit) al consultar.

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Note added at 9 days (2023-06-20 10:41:59 GMT) Post-grading
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Con gusto.
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4 KudoZ points awarded for this answer. Comment: "Muchas gracias."

Reference comments

3 hrs
Reference:

Underwriting Capacity Definition

Underwriting Capacity Definition - Investopedia
https://www.investopedia.com › u...

Underwriting capacity is the maximum amount of liability that an insurance company agrees to assume from its underwriting activities. Underwriting capacity represents an insurer’s ability to retain risk. It's important for an insurance company to calculate and maintain its underwriting capacity so it will be able to pay out claims to customers when needed so as to avoid insolvency.

A recapture provision is a clause that permits the ceding party in a contract to take back some or all of the risk originally ceded to the reinsurer. more.

Analysing the disconnect between the reinsurance ... - IFoA
https://www.actuaries.org.uk › documents › ana...
PDF
JW Buchanan — Analyzing the Disconnect Between the Reinsurance Submission and. Global Underwriters' Needs ‐ Property Per Risk. Contents. Foreword .

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Note added at 3 hrs (2023-06-11 11:20:08 GMT)
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reinsurance facilities:

Fenchurch Faris LTD – Market Leaders and Innovators
https://fenfar.com
Reinsurance Facilities. With our strong relationships and partnerships at Lloyd's and beyond, we are ideally positioned to secure underwriting capacity and ...

Reinsurance - LONMAR GLOBAL RISKS
https://www.lonmar.com › reinsur...
Reinsurance of all Non-Marine Property & Casualty Classes and of Fine Art, ... Reporting Excess of Loss and Reinsurance Facilities, Retorcession Excess of ...

Victor Reinsurance Managers
https://www.victorinsuranceus.com › ...
The Victor Reinsurance business underwrites and manages reinsurance facilities (treaty and facultative) through panels of reinsurers rated AM Best A- or ...

Insurance: Reinsurance security - UNCTAD
https://unctad.org › files › official-document
PDF
3 feb. 1987 — domestic insurers could not produce enough capacity to cover their local ... reinsurance facilities to make good such deficiencies.

Regional and Mutual Companies - Guy Carpenter
https://www.guycarp.com › regio...
In-depth and working knowledge of reinsurers and specific underwriters ... Reinsurance Managers which underwrites and manages reinsurance facilities (treaty ...

About NCRF
https://www.ncrb.org › Default
The Reinsurance Facility is a mechanism for pooling of insurance risks who cannot obtain coverage by ordinary methods. Premiums, losses, and expenses are ...

Regional and Mutual Companies - Guy Carpenter
https://www.guycarp.com › regio...
Access to Victor Reinsurance Managers which underwrites and manages reinsurance facilities (treaty and facultative) through panels of reinsurers rated AM Best A ...

China - Wind reinsurance facility - World Bank Documents
https://documents.worldbank.org › ...
United Nations Environment Program (UNEP) worked together with Marsh in assessing the feasibility of a reinsurance facility for large and medium scale wind ...

Marsh cyber reinsurance facility can help “weather the storm ...
https://captiveintelligence.io › mar...
4 may. 2023 — Marsh will be launching a special purpose cyber reinsurance facility in the coming weeks, which will be made available to captive owners who ...
Peer comments on this reference comment:

agree Natalia Pedrosa
49 mins
Gracias.
agree David Martinez : On point and well documented
3 days 15 hrs
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