What is Retrocession Agreement?
Retrocession Agreement A reinsurance contract under which a reinsurer transfers part of the risks it has assumed to another reinsurer (the retrocessionaire), to further spread risk exposure.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Retrocession Agreement” Used in Practice?
The reinsurer reduced its catastrophe exposure by entering into a retrocession agreement with a global retrocessionaire.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Retrocession Agreement?
A reinsurance contract under which a reinsurer transfers part of the risks it has assumed to another reinsurer (the retrocessionaire), to further spread risk exposure.
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