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Retrocession

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RETROCESSION, civil law. When the assignee of heritable rights conveys his rights back to the cedent, it is called a retrocession. Erskine, Prin. B. 3, t. 5, n. 1; Dict. do Jur. h.t.
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French reinsurer SCOR said it successfully launched a catastrophe bond that will give it retrocession coverage against European windstorm and Japan earthquake risks.
SCOR by Best's Review
In 1997, the retrocession of Hong Kong to China potentially removed the major intermediary for communications and economic relations between the two, forcing discussion of new modes of more direct interaction.
Understanding Cross-Strait Relations by Ho, Samuel P.S. / Pacific Affairs
has commented that the ratings of Brit Insurance Limited (BIL) (United Kingdom), Brit Insurance Holdings PLC (BIH) (United Kingdom) and BIH's debt issues remain unchanged following BIH's announcement that it has signed contracts for the launch of a specialist Bermuda-based reinsurance company, Norton Re, which will write fully collateralised catastrophe retrocession business.
A.M. Best Comments on Brit Insurance Limited and Brit Insurance ... by Business Wire
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