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Reinsurance (Paperback, 1983 ed.)
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Reinsurance (Paperback, 1983 ed.)
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There may be some readers of this book who are expecting a sort of
Mrs Beeton of reinsurance, whose indications if carefully followed
will ensure the satisfactory outcome of any reinsurance operation
undertaken. They will, I fear, be disappointed for reinsurance is
first and foremost a commercial enterprise, whose successful
conduct depends upon so much that cannot be written in books or
committed to paper. Above all else, it depends upon people and on
the personalities of people as much as on their technical skills.
Most reinsurers are born and only some are made, but none the less
for either sort this book will be of inestimable benefit as a guide
to the principles that lie behind the transaction of a business at
once as complex and widespread as reinsurance is by its very
nature. One of the main characteristics of this highly specialized
business is the infinite variety of situations to which the
reinsurer is called upon to adapt his business methods making any
standardization of practice possible only on a broad, as opposed to
a detailed, basis. This renders any attempt to encompass in one
book all the practical alternatives and differences in approach to
technical reinsurance problems a virtual impossibility.
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