Page 293 - Reinsurance Management IC85

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the segregation of all premiums and losses
attributable to policies having an inception or
renewal date within a given twelve-month
period.

c) Retrocessionaire
An attempt by a reinsurer who accepts the
transfer of risks to expand their reinsurance
portfolio. Retrocessionaire = a reinsurance
company that accepts or takes a retrocession

Reinsurance companies often also purchase
reinsurance, a practice known as retrocession.
They typically purchase this reinsurance from
other reinsurance companies, but may also
retrocede to other insurance companies to
spread the risk more widely.

A company that accepts such retrocession
business is a "retrocessionaire". The reinsurance
company that buys reinsurance is the
"retrocedent".

The flow of business and premium is as follows:

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