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IconASSOCIATIONS AND INSTITUTES

Association of Trust Companies in South Africa

Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

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Graham McPherson
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IconFax:(011) 371-5300
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From The Glossary »

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Aggregate Excess Of:

A form of excess of loss reinsurance which indemnifies the loss reinsurance ceding company against the amount by which its losses incurred during a specific period (usually 12 months) exceed either: _ a predetermined amount expressed in monetary terms, or _ a percentage of its subject premiums for the specific period.
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