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The Insure All insurance company has a 70/30 Quota Share agreement with ReinsureRe. They have insured a building for $12Million coverage. The premium is $8,420.

The Insure All insurance company has a 70/30 Quota Share agreement with ReinsureRe. They have insured a building for $12Million coverage. The premium is $8,420.

  1. How much of the coverage and premium would be ceded to ReinsureRe with Insure Alls 30% retention?

  1. How much loss would be ceded to ReinsureRE for a loss of $600,000?

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