$47,500,000 xs $105,000,000 $45,000,000 xs $60,000,000 95% placed $25,000,000 xs $35,000,000 $10,000,000 xs $25,000,000 $10,000,000 xs $15,000,000 Retention 1. What type of reinsurance contract is represented by the illustration above? 2. Describe 2 possible loss scenarios that could be covered by this type of reinsurance contract. 3. If a $10 million covered loss occurs, how much will the primary insurance company pay to its insured(s)? Ignore any deductibles. Show and explain your work. 4. If a $10 million covered loss occurs, how much will the reinsurer reimburse to the primary insurance company? Show and explain your work. 5. If a $25 million covered loss occurs, how much will the primary insurance company pay to its insured(s)? Ignore any deductibles. Show and explain your work. 6. If a $25 million covered loss occurs, how much will the reinsurer reimburse to the primary insurance company? Show and explain your work. $47,500,000 xs $105,000,000 $45,000,000 xs $60,000,000 95% placed $25,000,000 xs $35,000,000 $10,000,000 xs $25,000,000 $10,000,000 xs $15,000,000 Retention 1. What type of reinsurance contract is represented by the illustration above? 2. Describe 2 possible loss scenarios that could be covered by this type of reinsurance contract. 3. If a $10 million covered loss occurs, how much will the primary insurance company pay to its insured(s)? Ignore any deductibles. Show and explain your work. 4. If a $10 million covered loss occurs, how much will the reinsurer reimburse to the primary insurance company? Show and explain your work. 5. If a $25 million covered loss occurs, how much will the primary insurance company pay to its insured(s)? Ignore any deductibles. Show and explain your work. 6. If a $25 million covered loss occurs, how much will the reinsurer reimburse to the primary insurance company? Show and explain your work