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Assume that Apex Fire Insurance Pty Ltd (Apex) has a retention limit of $200,000 (called a line) for a single risk but wants to increase its underwriting capacity to $1,000,000. Apex approached Geneva Re for reinsurance.
(1) Explain how this increase in underwriting capacity can be achieved.
(2) If Apex insures a property for $500,000, explain how much Apex will retain and how much Geneva Re will be liable for?
(3) A fire claim for $5,000 is lodged with Apex. Explain Apex's liability and how much Geneva Re will contribute
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Big wheel inc collection 25% of it sales on account in the month of the sale and 75% in the month following the sale.
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Recently, there has been much criticism about the Trans-Pacific Partnership free trade agreement. Discuss three issues that may seem questionable in relation to the agreement. Given that eight other nations have already signed their participation,..
Evergreen Air Center is the world's largest parking lot for undesired commercial aircraft. Airlines pay from $750 to $5,000 monthly for the storage services provided by Evergreen.
Throughout this course our text has placed an overwhelming emphasis on strategy. Strategy can be seen as occurring at three levels - the strategic, the operational and the tactical. Define these three levels of strategy and explain why each leve..
A. What is the company's earnings per share for Year 2? B. What is the company's price-earnings ratio for Year 2?
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