Walaa Insurance Company has a surplus reinsurance treaty with Munich Re reinsurance company with retention limit of 1,500,000 SR from the sum insured. The maximum capacity of the surplus treaty is 8 lines. Also, they agreed with Swiss re to have a per risk excess of loss of 1,300,000 Xs 200,000. Assume that Walaa covers a property of 12,000,000 SR and there was a loss equals of 8,000,000 SR. (3.5 Marks)

Find the share of each company in paying the claim