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Reinsurance

Reinsurance is an operation whereby an Insurance Company cedes all or part of its portfolio, therefore its risks and also its premium and claims, to one or several Reinsurers. The Insurance Company is called the cedant since it realises a cession to one or several Reinsurers, who accept it. In other words, Reinsurance is the insurance of the Insurer.

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In the news: :

09/08/10 : Insurance costs to rise everywhere


09/08/10 : Insurance assessors descend on Christchurch

09/08/10 : Insurance company changes mind