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
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)
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
retrocede
Heceleme
ret·ro·cede
Telaffuz
Etimoloji
[ "re-trO-'sEd ] (verb.) 1654. Latin retrocedere, from retro- + cedere to go, cede.