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Norton Rose Fulbright South Africa Inc.

 As a dynamic, global legal practice with offices in Johannesburg, Durban and Cape Town, we have one of the largest legal footprints in South Africa. We employ more than 500 people, with 200 lawyers offering experience and knowledge across the spectrum of legal disciplines. Our clients include financial ...
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From The Glossary »

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Ultimate Net Loss:

Used in reinsurance treaties to refer to the ceding company’s loss which is reinsured by the treaty. It represents the sum or sums paid by an insurance company in settlement of all losses arising out of one event. It includes any litigation or other expenses incurred in connection therewith, but excludes any charge for the services of any salaried employee of the insurer in connection with the investigation of claims less all recoveries, whether ...
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