What does Portfolio Transfer mean? Read on to discover the definition & meaning of the term Portfolio Transfer - to help you better understand the language used in insurance policies.
The cession of a book of business for example, for an insurer withdrawing from writing a certain class of risk. Since the business has already been written, it is retroactive insurance, so it is a balance sheet only transaction (transfer of assets and liabilities).
We hope the you have a better understanding of the meaning of Portfolio Transfer.