What does Reinsurance Assumed mean? Read on to discover the definition & meaning of the term Reinsurance Assumed - to help you better understand the language used in insurance policies.
Reinsurance assumed refers to an insurer consenting to take a risk from another insurer. By doing so, the reinsurer takes on the financial responsibility for that risk, including honoring any claims made by the insurer's policyholders.
We hope the you have a better understanding of the meaning of Reinsurance Assumed.