The act of retroceding.
The state of being retroceded, or granted back.
(1) A transaction by which a reinsurer cedes risks to another reinsurer, known as the retrocessionaire. (2) The unit of insurance that a reinsurance company cedes to a retrocessionaire. (3) The document used to record the transfer of risk from a reinsurer to a retrocessionaire. See also reinsurer, reinsurance, and retrocessionaire.
A transaction in which a reinsurer cedes to another reinsurer (the "retrocessionaire") all or a part of the reinsurance it has assumed. A retrocession does not legally discharge the ceding reinsurer from its liability to the reinsured.
In insurance, the act of a reinsuring company that has accepted a particular risk in ceding the risk to still another company. A cession of reinsurance by a reinsurer to another reinsurer.
A REINSURANCE transaction whereby a REINSURER (the RETROCEDENT) CEDEs all or part of the reinsurance risk it has ASSUMED to another reinsurer (the RETROCESSIONNAIRE).
A cession under a retrocessional reinsurance contract.
Ceding of risks or shares in risks which have been reinsured. Retrocessions are ceded to other reinsurers in exchange for a pro-rata or separately calculated premium.
The 'laying-off' of liability accepted by way of reinsurance for the same reasons as reinsurance.
A reinsurance of reinsurance. Example: Company B has accepted reinsurance from Company A, and then obtains for itself, on such business assumed, reinsurance from Company “C”. This secondary reinsurance is called a Retrocession. The transaction whereby a reinsurer cedes to another reinsurer all or part of the reinsurance it has previously assumed.
The reinsurance of reinsurance, e.g. a company reinsures a risk that it has accepted from another insurer.
The reinsurance bought by reinsurers to protect their financial stability.
The process by which a reinsurer obtains reinsurance from another company.
The District of Columbia, the national capital of the United States, was formed in 1790 from 100 square miles that were ceded to the federal government by the states of Maryland and Virginia.