District of Columbia retrocession - Wikipedia District of Columbia retrocession is the act of returning some or all of the land that had been ceded to the federal government of the United States for the purpose of creating its federal district for the new national capital, which was moved from Philadelphia to what was then called the City of Washington in 1800
What is a Retrocession? - Definition from Insuranceopedia What Does Retrocession Mean? Retrocession occurs when one reinsurance company transfers some of its risks to another insurance company Like other forms of insurance, this is done for a fee and to mitigate overall risk exposure
Retrocession - Definition, Types, Examples, Risk Insurance - WallStreetMojo Retrocession refers to the process by which a reinsurance company purchases an insurance scheme from another reinsurance company to cover its risks This provision of reinsuring offers additional capacity to the original reinsurer, helping it prepare for future crises better
What Is Retrocession in Insurance and How Does It Work? Retrocession is the transfer of risk from one reinsurer (the retrocedent) to another (the retrocessionaire) through a contractual agreement This process is governed by state and federal insurance regulations, which establish how these transactions must be structured
RETROCESSION Definition Meaning | Merriam-Webster Legal The meaning of RETROCESSION is the return of title to property to its former or true owner; specifically, in the civil law of Louisiana : the return to a decedent's heirs of property of the decedent that had been sold or assigned by coheirs
What Does Retrocession Mean? - bizmanualz. com In the world of finance and risk management, retrocession plays a crucial role in transferring and managing risks From its definition and types to its purpose, benefits, and regulatory aspects, this comprehensive guide will delve into the intricate workings of retrocession
Retrocession (Reinsurance) - Understanding the Reinsurance Process . . . Retrocession refers to the process whereby a reinsurer (the retrocedent) cedes all or part of the reinsurance it has assumed to another reinsurer (the retrocessionaire) It is a secondary level of reinsurance designed to help spread risk and improve financial stability within the insurance and reinsurance markets
Retrocession - Meaning and its Benefits - Management Study Guide What is Retrocession? As mentioned above, retrocession is the transfer of risk from one reinsurance company to the other The reasons for entering into a retrocession contract are the same as the ones for purchasing a reinsurance contract in the first place