Group CNIC wants protection for all snowstorm losses in excess of $2 million. NIC issued a catastrophic insurance policy with $10 million. Assume NIC enters into an arrangement with Swiss Re Ltd, to cover single occurrences during a specified fime period. Swiss Re Ltd agrees to pay all losses exceeding $2 million but only to a maximum of $8 million . If a $11 million loss occurs . Loss sharing method Amount paid to the insured Retention Limit Cession Amount