Glossary entry

Spanish term or phrase:

se suscriben en matriz

English translation:

they are underwritten by the parent company

Added to glossary by Lydia De Jorge
Apr 26, 2012 01:40
12 yrs ago
2 viewers *
Spanish term

se suscriben en matriz

Spanish to English Other Insurance Minutes from insurance company meetings (from Mexico)
Adicionalmente GL pregunto, el porque tener este tipo de riesgos si son excluidos? HR aclaro que existe un error de definicion, ya que este tipo de riesgos son excluidos de los contratos automaticos de reaseguro, y que por sus caracteristicas se suscriben en matriz y se suscriben bajo condiciones especiales, pero no estan excluidos de la suscripcion.

TIA!!!

Proposed translations

+1
25 mins
Selected

they are underwritten by the parent company

My understanding!

due to the characteristics of such risks, they are underwritten by the parent company (as opposed to a branch office)
Peer comment(s):

agree Mónica Sauza
14 hrs
Thanks, Mónica
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4 KudoZ points awarded for this answer. Comment: "Many thanks, Rich!"
1 day 11 mins

they are underwritten in Home Office

Often, matriz stands for 'Casa Matriz' tha is referred to as Home Office, that is where the central underwriting area is.
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