Retrocessionary

/ˌrɛtrəʊsɛʃənəri/

/ˌrɛtroʊsɛʃənɛri/

Translation retrocessionary into russian

Adjective

/ˌrɛtrəʊsɛʃənəri/

/ˌrɛtroʊsɛʃənɛri/

The retrocessionary agreement was signed to transfer the risks back to the original insurer.

Ретроцессивный договор был подписан для передачи рисков обратно первоначальному страховщику.

Adjective

/ˌrɛtrəʊsɛʃənəri/

/ˌrɛtroʊsɛʃənɛri/

Relating to or involving the act of retroceding, or the process of returning something, such as territory or rights, to a previous owner or state.

The retrocessionary agreement between the two countries was finalized last week.

Pertaining to the reinsurance of a risk by a reinsurer, where the reinsurer passes on the risk to another reinsurer.

The retrocessionary market has seen significant growth due to increased demand for risk management solutions.