Definition, Meaning & Synonyms

retrocessionaire

noun

/ˌrɛtrəˈsɛʃənˌɛr/

Definition

A retrocessionaire is a company or entity that receives retrocessions, which are payments made by a re-insurer to an intermediary in return for a share of the re-insured business.

Examples

The retrocessionaire managed to stabilize its financial standing by carefully selecting its re-insurance partners.
In recent years, the role of the retrocessionaire has become increasingly vital in the insurance industry.

Meaning

In the context of insurance, a retrocessionaire plays a role in the distribution of risk by taking on certain responsibilities or liabilities from re-insurers.