Market Participants
Retrocessionaire
Definition
A reinsurer that accepts retrocession business from another reinsurer. Provides reinsurance to reinsurers.
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Related Terms
Reinsurance Types
Retrocession
Reinsurance purchased by a reinsurer to protect their own portfolio. The reinsurer becomes the cedent, transferring risk to another reinsurer (the retrocessionaire).
Market Participants
Reinsurer
Company that accepts insurance risk transferred from cedents. Provides capacity and risk diversification to the insurance market.