Reinsurance in Practice

"Reinsurance in Practice" is a comprehensive textbook on reinsurance, written by Robert Kiln and later updated by Stephen Kiln. Here is a detailed overview of the book:

Key Themes

1. Reinsurance Law: The book covers the legal aspects of reinsurance, including new chapters on "Law and Reinsurance" and "Retrocession" in its fourth edition.
2. Property Risk Excesses: It delves into the specifics of property risk excesses, providing detailed insights into managing and insuring these risks.
3. Motor TP and Liability Excesses: The book also focuses on motor third-party liability (TP) and liability excesses, offering practical guidance on these areas.
4. Captives and Financial Reinsurance: It explores the concepts of captives and financial reinsurance, discussing their roles in the reinsurance market.
5. Retrocession: The book includes a dedicated chapter on retrocession, which is a critical aspect of reinsurance where a reinsurer cedes risk to another reinsurer.

Plot Summary

The book is structured to provide a thorough understanding of reinsurance practices, covering both theoretical and practical aspects. It is designed for professionals in the insurance industry, including underwriters, brokers, and risk managers. The fourth edition, in particular, reflects contemporary practices in the field, ensuring that readers are equipped with the latest knowledge and techniques.

Critical Reception

While specific reviews are not readily available, the book's reputation as a key text in the field of reinsurance suggests it has been well-received by professionals. The inclusion of new chapters and substantial updates in the fourth edition indicates a commitment to staying current with industry developments, which likely enhances its value and relevance.

Editions and Publication Details

• First Edition: Published in 1981 by Witherby.
• Fourth Edition: Features new chapters on "Law and Reinsurance" and "Retrocession," with substantial updates to other areas like property risk excesses and motor TP and liability excesses.

Availability

The book is available through various online retailers such as AbeBooks, Better World Books, and ThriftBooks, indicating its popularity and continued relevance in the insurance industry.

In summary, "Reinsurance in Practice" by Robert Kiln and updated by Stephen Kiln is a seminal work in the field of reinsurance, offering comprehensive coverage of key themes, practical insights, and contemporary practices. Its critical reception is inferred from its reputation as a key text and the updates in subsequent editions.