Reinsurance is an essential risk management tool, and it is heavily utilized by property/casualty (P/C) insurers. The structure of a reinsurance agreement can vary significantly depending upon many factors. This session will walk through examples of reinsurance agreements with different degrees of complexity and how catastrophe models are used to determine catastrophic reinsurance coverage. This session will also discuss changes that are being made to the reinsurance repository in the Financial Condition Examiners Handbook.