A ceding insurer or reinsurer. See Cede. A ceding insurer is an insurer that underwrites and issues an original, primary policy to an insured and contractually transfers (cedes) a portion of the risk to a reinsurer. A ceding reinsurer is a reinsurer that transfers (cedes) a portion of the underlying reinsurance to a retrocessionnaire.
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A syndicate or company that transfers a risk exposure under a reinsurance contract.
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UK: the company which cedes the business covered by a reinsurance contract.
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REINSURANCE: This is another way to refer to the reinsured or ceding insurer.
Insurance Encyclopedia
Cedant (Cedent)
An insurer who transfers risks by means of reinsurance.
Cedant’s commission
the commission paid by a reinsurer to the ceding company, in recognition of the acquisition costs borne by that company.
Cedant’s line
The retention under a surplus lines treaty.
Cedant/ceding office
An insurance company buying reinsurance cover by ceding part of its business to ne reinsurer under proportional reinsurance. The term is also used more informally to describe a reinsured entering into excess of loss treaties.
Cede
REFERENCE: See: “Reinsurance, Cede.”
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REINSURANCE: The action of an insurer of reinsuring with another insurer or reinsurer the liability assumed through the issuance of one or more insurance policies by purchasing a contract that indemnifies the insurer within certain parameters for certain described losses under that policy or policies. This action is described as transferring the risk or a part of the risk from the insurer to the reinsurer. The insurer (the buyer) is called the cedent and the assuming company (the seller) is called the reinsurer.
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The transfer of all or part of a risk written by an insurer to a reinsurer.
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MEDICAL,USA: To buy reinsurance; to effect reinsurance.
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UK: to obtain reinsurance cover for insurance business, the company obtaining reinsurance is said to “cede” the business in question.
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UK: To purchase reinsurance.
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To transfer a risk exposure under a reinsurance contract.
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US: When a company reinsures its liability with another. The original or primary insurer, the insurance company that purchases reinsurance, is the “ceding company” that “cedes” business to the reinsurer.
Cede (Reinsurance)
The act of transferring insurance or reinsurance from an insurer to a reinsurer. Can also refer to buying reinsurance.
Ceded premiums
Premiums paid or payable by the captive to another insurer for reinsurance protection.
Cedent
See: ceding company.
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A ceding insurer or a reinsurer. A ceding insurer is an insurer that underwrites and issues an original, primary policy to an insured and contractually transfers (cedes) a portion of the risk to a reinsurer. A ceding reinsurer is a reinsurer that transfers (cedes) a portion of the underlying reinsurance to a retrocessionnaire.
Cedent (also known as Ceding Company, Reassured, Reinsured)
The issuer of an insurance contract that contractually obtains an indemnification for all or a designated portion of the risk from one or more reinsurers.