What does Retrocessional Pools mean? Read on to discover the definition & meaning of the term Retrocessional Pools - to help you better understand the language used in insurance policies.
Treaty reinsurance where the cedent or retrocedents are also retrocessionaires of the same treaty, with the objective of achieving improved risk distribution. The premiums and losses in the pool are retroceded based on the fraction of the total reinsurance written by each cedent. Usually a surplus share agreement.
We hope the you have a better understanding of the meaning of Retrocessional Pools.