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
{i} withdrawal, act of going back, recession; act of giving back, act of returning, act of ceding again (esp. territory)
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 retrocedant) cedes all or part of the reinsurance risk it has assumed to another reinsurer (the retrocessionaire)
Metastasis of an eruption or a tumor from the surface to the interior of the body
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