Reinsurance play a vital role in the operations of an insurance company because it provides the ceding company with the necessary protection and allows it to increase its capacity. The reinsurance needs and practices of the life and general insurance companies differ, to some extent, because life insurance is usually long-term unlike general insurance which is renewable yearly. This report attempts to give the reader an insight into the reinsurance practices of the life and general insurance companies in Singapore. It is based on a survey of several life and general insurance companies. From the survey, it is discovered that the most important selection criteria for reinsurance ( from the perspective of both life and general insurance companies stability of reinsurers.