Question

What distinguishes lead underwriters in reinsurance placement?

a.

They have extensive knowledge of worldwide markets.

b.

They are the only ones who can quote on the slip.

c.

They work closely with the intermediary in negotiations.

d.

They have the largest share of acceptance for the risk.

Answer: (d).They have the largest share of acceptance for the risk. Explanation:Lead underwriters are the ones who indicate their quote and their share of acceptance of the risk. They play a significant role in the placement process and are respected in the market for their acumen to quote. Therefore, option d is the correct answer.

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Q. What distinguishes lead underwriters in reinsurance placement?

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