Retrocession Agreement definition

Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers or reinsurers, as retrocessionaires, assume liabilities of reinsurers under a Reinsurance Agreement or other retrocessionaires under another Retrocession Agreement.

Retrocession Agreement means any agreement, contract, treaty or other arrangement (other than Surplus Relief Reinsurance) whereby any Insurance Subsidiary or any Subsidiary of such Insurance Subsidiary in the ordinary course of its business cedes reinsurance to other insurers (other than to another Insurance Subsidiary or any of its Subsidiaries).

Retrocession Agreement has the meaning set forth in the Recitals.

Examples of Retrocession Agreement in a sentence

• Platinum has assumed a one hundred percent (100%) quota share of the liabilities arising under the Contract, pursuant to a 100% Quota Share Retrocession Agreement, dated as of November 1, 2002, between Platinum and St. Xxxx.

• Losses emanating from the Quota Share Retrocession Agreement by and between Platinum Underwriters Bermuda, Ltd.

• Quota Share Retrocession Agreement [of even date] between St. Xxxx Fire and Marine Insurance Company and Platinum Underwriters Reinsurance, Inc., provided that the panel of arbitrators shall apply English law in respect of those aspects of the matter which relate to the United Kingdom.

• Effective August 1, 2013, ALRE entered into a commutation and release agreement with Alterra Bermuda Limited, in respect of the Property Quota Share Retrocession Agreement which both parties entered into in January 1, 2010.

• This special power of attorney shall be deemed coupled with an interest, and cannot be revoked by the Debtor until all of the Obligations have been paid and performed in full and the Retrocession Agreement has been terminated.

More Definitions of Retrocession Agreement

Retrocession Agreement means any agreement, contract, treaty or other arrangement whereby any Insurance Subsidiary or any Subsidiary of any Insurances Subsidiary cedes reinsurance to other insurers (other than to another Insurance Subsidiary or a Subsidiary of another Insurance Subsidiary).

Retrocession Agreement means any agreement, treaty, certificate or other arrangement whereby any Insurance Subsidiary cedes to another insurer all or part of such Insurance Subsidiary's liability under a policy or policies of insurance reinsured by such Insurance Subsidiary.

Retrocession Agreement has the meaning assigned to that term in the Preliminary Statements.

Retrocession Agreement means any agreement, contract, treaty or other arrangement (other than Surplus Relief Reinsurance) whereby any Insurance Entity or any Subsidiary of such Insurance Entity cedes reinsurance to other insurers (other than to another Insurance Entity or any of its Subsidiaries).

Retrocession Agreement has the meaning given to such term in Clause 22.2 (Financial Definitions).

Retrocession Agreement means that certain Aggregate Stop-Loss Retrocession Agreement, by and between AmTrust (or Affiliate thereof), National General (or Affiliate thereof) and ACP, entered into in connection with the Merger, as amended, restated, supplemented or otherwise modified from time to time.

Retrocession Agreement means the Retrocession Agreement to be entered into by MONY and AXA Equitable Life Insurance Company prior to the Closing, substantially in the form of Exhibit E hereto.