What does Cedent mean? Read on to discover the definition & meaning of the term Cedent - to help you better understand the language used in insurance policies.
A ceding insurer or a reinsurer. A ceding insurer is an insurer that underwrites and issues an original, primary policy to an insured and contractually transfers (cedes) a portion of the risk to a reinsurer. A ceding reinsurer is a reinsurer that transfers (cedes) a portion of the underlying reinsurance to a retrocessionnaire.
We hope the you have a better understanding of the meaning of Cedent.