Legal Dictionary of Pakistan

retrocession.

1. The act of ceding something back (such as a territory or jurisdiction). 2. The return of a title or other interest in property back to its former or rightful owner. 3. The process of transferring all or part of a reinsured risk to another reinsurance company; reinsurance of reinsurance. ( Subsequent retrocessions are referred to as first retrocession, second retrocession, and so on. 4. The amount of risk that is so transferred.