Install
The Reinsurers terms
Munich Re, Swiss Re and the capital behind them.
CedentThe insurer that passes part of its risk and premium to a reinsurer, and stays liable to its own policyholders for the whole.Facultative reinsuranceReinsurance negotiated for one specific risk or policy rather than a whole book of business, usually because the risk is large or unusual.FrontingAn arrangement where a licensed insurer issues the policy but passes most or all of the risk to a captive or reinsurer, for a fee.RetrocessionReinsurance bought by a reinsurer to pass part of the risk it has assumed to other reinsurers or investors, usually to manage peak catastrophe exposure.Treaty reinsuranceA reinsurance contract that automatically covers a defined portfolio of an insurer's policies, instead of reinsuring one risk at a time.