Definitions for "Reinsurance treaty"
A formal written agreement that is negotiated and signed by a ceding company and a reinsurer and that establishes the terms and conditions by which risk can be submitted for reinsurance.
An agreement existing between two or more insurance companies whereby they agree to share large insurance risks. A contract between two insurers under which one, the insurer, agrees to reinsure risks written by the other, subject to the conditions of the contract.
A reinsurance contract under which the reinsured company agrees to CEDE and the REINSURER agrees to ASSUME risks of a particular class or classes of business.