Retrocession Catastrophe Cover

Definition of "Retrocession catastrophe cover"

Yelena  Borukhov real estate agent

Written by

Yelena Borukhovelite badge icon

Douglas Elliman - Roslyn

Reinsurance of & re insurer such that the re insurer protects itself from a catastrophe occurrence. Just as an insurer must decide to cede to the re insurer a portion of a risk it has underwritten, the re insurer must make the same decision as to which risks it can sustain within its resources, and what portion of the risks it must retrocede. Retrocession may be either proportional or non proportional.

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