What is Retrocession Agreement?
In this glossary, Retrocession Agreement refers to: A reinsurance contract under which a reinsurer transfers part of the risks it has assumed to another reinsurer (the retrocessionaire), to further spread risk exposure.
How is Retrocession Agreement used in finance?
In finance communication, this term appears in contexts such as: "The reinsurer reduced its catastrophe exposure by entering into a retrocession agreement with a global retrocessionaire."
Why does Retrocession Agreement matter in finance?
Retrocession Agreement matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Retrocession Agreement?
Retrocession Agreement is mainly used by Financial Analysts, Bankers, and Traders.
What category does Retrocession Agreement belong to?
In this glossary, Retrocession Agreement is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.
