What does Reinsurance Captive mean? Read on to discover the definition & meaning of the term Reinsurance Captive - to help you better understand the language used in insurance policies.
A special-purpose insurer that operates only on a fronted basis, assuming risk from a ceding company. The reinsurance captive does not issue policies directly to insureds and typically operates on a nonadmitted basis.
We hope the you have a better understanding of the meaning of Reinsurance Captive.