UK: Ceding offices resume the insurance of a portfolio of business from the reinsurer to whom they had previously ceded it.
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REINSURANCE: If the reinsurer is relieved of liability (under a pro rata reinsurance) for losses happening after termination of the treaty or at a later date, the total unearned premium reserve on business left unreinsured (less ceding commissions thereon) is normally returned to the cedent. Also known as a return portfolio or return of unearned premium.
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REINSURANCE: Reassumption by a ceding company of a portfolio which has formerly been reinsured.