REINSURANCE: (01) An Exactly stated yielding of a property or right under a Reinsurance agreement. A Reinsurance. An amount ceded as Reinsurance. (02) The amount given off by way of Reinsurance and therefore amount accepted by the Reinsurer.
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UK: (1) in reinsurance, the act of ceding business to a reinsurer, (2) a block of business so ceded.
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MEDICAL,USA: 1. A reinsurance. 2. In reinsurance, a property, parcel, or unit of insurance that an insurance company cedes to a reinsurer. 3. An amount ceded as reinsurance.
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A particular risk exposure that is transferred under a reinsurance treaty.
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UK: A specific item of reinsurance under a reinsurance treaty.
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Refer: “Reinsurance, Cession”
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REINSURANCE: The portion of insurance ceded by the ceding company to the reinsurer.