Imagine underwrites both short-term, catastrophe exposed life & health coverage,
as well as longer term, life & health coverage. We reinsure life, accident, medical
and workers' compensation portfolios for catastrophe losses involving a minimum
of two lives, primarily on an excess of loss contract basis. Catastrophic events
including hurricanes, tsunamis, earthquakes, aviation crashes, and terrorism
(in selective countries) are risks we are exposed to in this segment. Imagine seeks
geographic distribution of its exposures in this segment and monitors aggregation
of exposures.
In addition, Imagine writes some per risk business where the exposure is well
understood. We underwrite reinsurance for long-term care insurance that covers
the costs of long-term care both at home and in a nursing home. We also reinsure
payout annuities that provide payments to annuitants over a specified period of time.
Lastly in this segment, we underwrite medical expense quota share and excess of
loss coverages for established insurers willing to participate in their own results.
