Reinsurance Closings, Generated From the Deal
Slip, debit note to the cedant and a credit note per reinsurer — built from the signed lines and the premium that produced them, on your own template, with multi-currency conversion carrying the rate applied.
The closing is the last place the deal gets retyped
By the time a placement closes, the same numbers have usually been written down three or four times. The submission became a spreadsheet, the spreadsheet became a slip, the slip became a debit note, and someone produced a credit note per reinsurer by copying the last one and changing the share. Each step is a chance for the shares to stop reconciling.
It is also the document the market judges you on. A closing that arrives clean, with the shares adding up and the conversion shown, gets confirmed. One that does not comes back with questions, and the questions take longer than the document did.
Regure generates the closing from the deal — the same record that holds the signed lines and the premium build — so the arithmetic on the document is the arithmetic in the system rather than a re-entry of it.
The closing pack, and everything after it
Closings are not only a placement event. An endorsement and a claim both produce their own documents, and they are generated the same way from the same record.
Slip
The placement as agreed — cedant, insured, risk information, period, structure, and the market panel with signed shares.
Debit note to the cedant
What the cedant owes, with premium, ceding commission, brokerage and any tax lines the deal carries, in the deal currency.
Credit note per reinsurer
One per market on its own signed share, with its own commission and brokerage position. Where the market settles in another currency, the converted table shows the rate applied alongside the deal-currency figure.
Endorsement closings
A mid-term change produces additional or return premium per market, with cedant and reinsurer closings generated for the delta — see treaty adjustments.
Claim closings
A debit to each reinsurer for their share of the claim and an advice to the cedant, allocated from the signed lines on the deal rather than worked out again.
Your template
Layout and branding are yours. The market should see your closing, not a vendor's.
What a generated closing actually looks like
Two documents off the same deal: the debit note that goes to the cedant, and one reinsurer's credit note where that market settles in a different currency from the deal. The cession, the ceding commission, the brokerage and the tax lines are all read from the placement — none of it is entered a second time.
Debit Note
- Debit Note Ref
- RE-2026-000118-DN
- Deal
- RE-2026-000118
- Cedant
- Kestrel Insurance Co.
- Insured
- Thornbury Cold Storage Ltd
| Original Premium | USD 1,260,000.00 |
| Cession (75.0%) | USD 945,000.00 |
| Less: Ceding Commission | (USD 236,250.00) |
| Net Due from Cedant | USD 708,750.00 |
| VAT (5.0% on net premium, cedant) | USD 35,437.50 |
| Total Taxes | USD 35,437.50 |
Credit Note
- Credit Note Ref
- RE-2026-000118-CN1
- Deal
- RE-2026-000118
- Reinsurer
- Meridian Re
- Settlement
- EUR
| Market Premium (share of cession) | USD 259,875.00 |
| Less: Ceding Commission (25.0%) | (USD 64,968.75) |
| Less: Brokerage (10.0%) | (USD 25,987.50) |
| Net Payable to Reinsurer | USD 168,918.75 |
| Market Premium | EUR 237,785.63 |
| Less: Ceding Commission | (EUR 59,446.41) |
| Less: Brokerage | (EUR 23,778.56) |
| Net Payable to Reinsurer | EUR 154,560.66 |
1 USD = 0.9150 EUR (effective 14 Feb 2026)
Show us your closing pack
Send a slip and a set of notes you produced by hand. We will show you the same pack generated from a deal, including a market settling in a different currency.
Premium, commission, brokerage and tax on the closing
The figures on a closing are the output of the premium build across the panel, not a separate calculation. Where a firm uses the deeper mechanics, they appear on the document too.
| On the closing | Where it comes from |
|---|---|
| Final signed participation | The signed share on each market from the placement, so the document and the panel cannot disagree. |
| Premium | The cession allocated across the panel, per market. |
| Ceding commission and brokerage | Applied per market according to the deal's configuration, not a single blended rate. |
| Taxes and fees | Configurable tax lines with their own rate and basis, applied where a firm uses them. |
| Deposit and minimum premium, instalments | Where the structure carries them, the schedule and its due dates appear with the closing. |
| Profit commission and no-claims bonus | Where configured, against their threshold and base. |
| Multi-currency | The deal-currency position is preserved and the converted table carries the rate applied for a market settling elsewhere. |
| Reference and audit | The generated document is recorded against the deal with when and by whom, and every change behind it is on the audit trail. |
Where the closing ends and accounting begins
Running today
Slip, cedant debit note and per-reinsurer credit note generated from the deal. Endorsement closings for cedant and reinsurer. Claim debit and cedant advice. Multi-currency conversion with the rate applied. Documents recorded against the deal on a tenant-branded template. Premium, instalments and payment status tracked across the placement lifecycle.
Working with your ledger
Settlement and cash matching remain with the accounting or ledger system. Regure produces the documents and tracks what is due and what has been marked paid; it is not the general ledger and does not reconcile bank movements. Firms that want cash handling inside the broking system should weigh that deliberately.
What brokers ask about closings
What documents does a reinsurance closing produce?
The slip, a debit note to the cedant and a credit note per reinsurer on their signed share. Endorsements and claims produce their own closings — additional or return premium notes for an endorsement, and a reinsurer debit plus cedant advice for a claim.
How is multi-currency handled on a closing?
The deal-currency position is preserved and, where a market settles in another currency, the converted table carries the rate that was applied — so the rate used is recoverable later rather than remembered.
Can closings carry our own template?
Yes. Layout and branding are configured per firm.
Does Regure handle settlement and cash matching?
No. Premium, instalments and payment status are tracked across the placement lifecycle, but settlement and cash matching remain with the accounting or ledger system. Worth raising early if cash handling inside the broking system is central to how you run.
Where do the numbers on the closing come from?
From the deal — the signed shares from the placement and the premium allocated across the panel, with commission and brokerage applied per market. The document is generated from that record rather than re-entered.
Are generated closings kept?
Yes. Each document is recorded against the deal with when it was generated and by whom, and the changes behind it sit on the audit trail.
Show us your closing pack
Send a slip and a set of notes you produced by hand, and we will show you the same pack generated from a deal — including a market settling in another currency.