Definition of "retrocession" [re•tro•ces•sion]

• The transfer of risk from one reinsurer to another. (noun)
• The return of land, etc. that was previously ceded. (noun)
• Metastasis of an eruption or tumour from the surface to the interior of the body. (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

• "That all said, I believe a broad reading of the Constitution says retrocession is the preferred path to follow."
• "Reinsurers, which help protect primary carriers such as Allianz SE and Axa SA against the cost of major claims from disasters such as hurricanes and earthquakes, limit their own risks by selling parts of them to other reinsurers in a process known as retrocession."
• "The amendments on what is called retrocession (back to Maryland) failed earlier today."