- Life reinsurance practice in this country can be traced as far back as the
middle 19th century when some Scottish offices made an agreement concerning their
acceptance of reinsurance of amounts surplus to each other s retentions.
Retentions were relatively high in those days and during the years following this
first reinsurance agreement, more attention came to be paid to both the
fundamentals and the practice of reinsurance.
- 1900 saw a reassurance agreement signed by many offices defining the code of
conduct and method of administration of reinsurances
- In 1919 the first professional reinsurer entered the United Kingdom market but
progress was relatively slow until after the Second World War. In 1958 a second
professional reinsurer entered the market