Retrocession definition

Retrocession means reinsurance with another insurer of a liability assumed under a reinsurance contract. A reinsurer "retrocedes" when it reinsures with another insurer part of a liability assumed under a reinsurance contract.

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Retrocession means reinsurance with another insurer of a liability assumed under a reinsurance contract.

Retrocession means the reinsurance of reinsurance business accepted by a reinsurer;

Examples of Retrocession in a sentence

Platinum has assumed a one hundred percent (100%) quota share of the liabilities arising under the Contract, pursuant to a 100% Quota Share Retrocession Agreement, dated as of November 1, 2002, between Platinum and St. ▇▇▇▇.
Calculation Methodology for Earned But Not Yet Billed Premium Earned But Not Yet Billed Premium shall equal estimated premiums receivable with respect to the Reinsurance Contract net of estimated ceding commissions and Inuring Retrocession premiums.
Losses emanating from the Quota Share Retrocession Agreement by and between Platinum Underwriters Bermuda, Ltd.
Under the Quota Share Retrocession Agreements, we are assuming no premium or loss development on business entered into prior to January 1, 2002.
Quota Share Retrocession Agreement [of even date] between St. ▇▇▇▇ Fire and Marine Insurance Company and Platinum Underwriters Reinsurance, Inc., provided that the panel of arbitrators shall apply English law in respect of those aspects of the matter which relate to the United Kingdom.

More Definitions of Retrocession

Retrocession means reinsurance with another insurer of a liability assumed under

Retrocession means the transaction whereby a reinsurer cedes to another insurer or reinsurer all or part of the reinsurance it has previously assumed;

Retrocession means the transfer of a part of the insured risk from a reinsurance company to another reinsurance company;

Retrocession means the transaction whereby a reinsurer

Retrocession. Means the voluntary return to the Secretary of a contracted program, in whole or in part, for any reason, before the expiration of the term of the contract.

Retrocession means the process by which the tribe voluntarily returns a contracted service or program to DSHS. Retrocession includes both the voluntary relinquishment of tribal authority to obligate any previously awarded funds dedicated to that service or program and the return, to DSHS, of any previously awarded funds for that purpose.

Retrocession means a transaction in which a reinsurer transfers risks it has reinsured to another reinsurer and the term “retrocessionaire” shall be construed accordingly;