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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.

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.

Ceding Commission

REINSURANCE: An amount deducted from the reinsurance premium to compensate a ceding company for its acquisition and other overhead costs, including premium taxes. It may also include a profit factor and is called a ceding allowance. See Overriding Commission and Sliding Scale Commission.
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REINSURANCE: The cedant’s acquisition costs and overhead expenses, taxes, licenses and fees, plus a fee representing a share of expected profits – sometimes expressed as a percentage of the gross reinsurance premium.
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The cedant’s acquisition costs and overhead expenses, taxes, licenses and fees, plus a fee representing a share of expected profits, which often is expressed as a percentage of the gross reinsurance premium.
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UK: The reinsurer’s payment to the reinsured as a reimbursement of all or part of the reinsured’s expenses on the original business, plus a contribution to overheads.

Ceding Company

REINSURANCE: (i) Insurance Company that places Reinsurance business of its original risk with a Reinsuring Company. (ii) An Insurer who purchases and is entitled to indemnification under a contract of Reinsurance (also known as the Reinsured).
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MEDICAL,USA: Insurance company that places reinsurance business of its original risk, all or part of those risks that it does not wish to retain in full, with a reinsuring company. Insurer that sells its policies directly to the public either through its own salaried employees or exclusive agents. Also called ceding insurer or referred to as cedent.
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Refer: “Reinsurance, Ceding Company”
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REINSURANCE: The company that transfers its risk to a reinsurer. See Cedent, Reassured, Reinsured.