A form of reinsurance under which the risk is passed to the reinsurer who reimburses the Ceding Company for covered losses.
The Ceding Company retains its liability to, and its contractual relationship with, the insured.
A form of reinsurance under which the risk is passed to the reinsurer who reimburses the Ceding Company for covered losses.
The Ceding Company retains its liability to, and its contractual relationship with, the insured.