Specialty insurance vs Reinsurance

Does specialty insurance and reinsurance can be treated at the same company? Otherwise, can reinsurance and specialty insurance be categorized in same manner? 


For instance, 

  1. reinsurance company treats specialty insurance

  2. specialty insurance company treats reinsurance

  3. Make specialty insurance not based on direct insurance but on reinsurance. 


Any of three scenario can be happened? 

 

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