The reinsurance bought by reinsurers to protect their financial stability.
A reinsurance of reinsurance. Example: Company “B” has accepted reinsurance from Company “A”, and then obtains for itself, on such business assumed, reinsurance from Company “C”. This secondary reinsurance is called a Retrocession.
The transaction whereby a reinsurer cedes to another reinsurer all or part of the reinsurance it has previously assumed.