Sentences with retrocession
ret·ro·cede
R r - A retrocession is placed to afford additional capacity to the original reinsurer, or to contain or reduce the original reinsurer's risk of loss.Reinsurance companies cede risks under retrocession agreements to other reinsurers, for reasons similar to those that cause primary insurers to purchase reinsurance.Retrocession is the reinsuring of a risk by a reinsurer.
- To retrocede a territory.