Peter Pan serves over 100 communities throughout the northeast corridor, with daily express service including Boston, New York, Philadelphia, Baltimore and Washington, DC. The company transports over three million passengers a year and its fleet of more than 300 buses travels over 25 million miles annually.
Definition of EXCESS OF LOSS (XOL) AGREEMENT: A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and t
An amount paid by the reinsured company to the excess of loss reinsurer for indemnity of the reinsured's losses above the agreed loss retention. Reinsured In pro rata reinsurance, an insurer which has ceded parts of or all of one or more policies to a reinsurer in the process of sharing insurance liability, premiums, and losses.