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Quota share is automatic reinsurance that requires the insurer to transfer and the reinsurer to accept a given percentage of every risk within a defined category of business written by the insurer. and (2) Individual Risk business, which includes primary insurance and quota share reinsurance. These rating actions reflect Esurance's current business profile given the recent change in EIC's affiliated reinsurance arrangements from an 85% quota share to the affiliated Sirius in late 2006 to an 85% quota share evenly split between Sirius and the affiliated Folksamerica Reinsurance Company (Folks Re) (New York, NY), effective January 1, 2007. |
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