Often actuaries spend an enormous amount of time and effort calculating direct and gross unpaid loss liabilities only to hurry through evaluating the effect of ceded reinsurance on the net liabilities. This session will explore the various alternatives for calculating ceded loss reserves and the strengths and weaknesses of these methods depending upon the reinsurance structure. In addition, it will highlight common pitfalls that actuaries should avoid in order to derive an accurate ceded loss liability estimate. This session will discuss appropriate methods for quota share and excess of loss reinsurance contracts, catastrophe covers and more exotic terms including aggregate corridors, deductibles and limits.