retrocession

retrocession definition - business

retrocession

Reinsurance of reinsurance. For example, a reinsurer purchases business from an insurance company that it subsequently reinsures, in whole or part, with another reinsurance company.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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