RETROCESSION
retrocession. 1. The act of ceding something back (such as a territory or jurisdiction). [Cases:
United States 3. C.J.S. United States §§ 9–15.] 2. The return of a title or other interest in
property to its former or rightful owner. 3. The process of transferring all or part of a reinsured risk
to another reinsurance company; reinsurance of reinsurance. • Subsequent retrocessions are
referred to as first retrocession, second retrocession, and so on. 4. The amount of risk that is so
transferred. [Blacks Law 8th]