Reinsurance is insurance that is purchased by an insurance company ( the " ceding company " or " cedant " or " cedent " under the arrangement ) from one or more other insurance companies ( the " reinsurer ") as a means of risk management, sometimes in practice including tax mitigation and other reasons described below.

The ceding company and the reinsurer enter into a reinsurance agreement which details the conditions upon which the reinsurer would pay a share of the claims incurred by the ceding company.

The reinsurer is paid a " reinsurance premium " by the ceding company, which issues insurance policies to its own policyholders.

# Treaty Reinsurance means that the ceding company and the reinsurer negotiate and execute a reinsurance contract.

The reinsurer then covers the specified share of all the insurance policies issued by the ceding company which come within the scope of that contract.

Under a surplus share arrangement, the ceding company decides on a " retention limit "-say $ 100, 000.

The ceding company retains the full amount of each risk, with a maximum of $ 100, 000 per policy or per risk, and the balance of the risk is reinsured.

The ceding company may seek a quota share arrangement for several reasons.

In April 1881, he left the D ' Oyly Carte company, ceding the baton to his brother.

It may be better to pass some risk to a reinsurer as this will reduce the ceding company's exposure to risk.

Facultative reinsurance is normally purchased by ceding companies for individual risks not covered, or insufficiently covered, by their reinsurance treaties, for amounts in excess of the monetary limits of their reinsurance treaties and for unusual risks.

Under proportional reinsurance, the reinsurer's share of the risk is defined for each separate policy, while under non-proportional reinsurance the reinsurer's liability is based on the aggregate claims incurred by the ceding office.

Assumption reinsurance is a form of reinsurance whereby the reinsurer is substituted for the ceding insurer and becomes directly

In the more typical reinsurance arrangement, the reinsurer has an obligation to indemnify the ceding insurer, which remains liable for claims on policies it has issued, and policyholders ' approval is not required.

Faced with the prospect of losing control, Spain formally ceded all of its Florida territory to the U. S. under the Adams-Onís Treaty in 1819 ( ratified in 1821 ) in exchange for the U. S. ceding its claims on Texas and the U. S. paying any claims its citizens might have against Spain up to $ 5, 000, 000.

Certain scholars and political leaders feel that these modern developments endanger nation states by taking power away from state governments and ceding it to international bodies such as the U. N. and the World Bank, argue that international law has evolved to a point where it exists separately from the mere consent of states, and discern a legislative and judicial process to international law that parallels such processes within domestic law.

The territory's boundaries had not been defined in the 1762 Treaty of Fontainebleau that ceded it from France to Spain, nor the 1800 Third Treaty of San Ildefonso ceding it back to France, nor the 1803 Louisiana Purchase agreement ceding it to the United States.

* January 17 – France gains Bresse, Bugey and Gex from Savoy, ceding Saluzzo in exchange.

In April – July 1859, Napoleon III made a secret agreement with Cavour, Prime Minister of Piedmont, for France to assist in expelling Austria from the Italian Peninsula and bringing about a united Italy, in exchange for Piedmont ceding Savoy and the Nice region to France.

In 1862, France obtained concessions from Emperor Tự Đức, ceding three treaty ports in Annam and Tonkin, and all of Cochinchina, the latter being formally declared a French territory in 1864.

In 1858 the Ponca signed a treaty, ceding part of their land to the United States in return for annuities, payment of $ 1. 25 per acre from settlers, protection from hostile tribes and a permanent reservation home on the Niobrara River at the confluence with the Missouri River.

In April – July 1859 Napoleon made a secret deal with Cavour, Prime Minister of Piedmont, for France to assist in expelling Austria from the Italian peninsula and bringing about a united Italy, or at least a united northern Italy, in exchange for Piedmont ceding to France Savoy and the Nice region ( which was destined to become the so-called French Riviera ).

He went to war with Austria in 1859 and won victories at Magenta and Solferino, which resulted in the ceding of Lombardy to Piedmont by Austria ( and in return received Savoy and Nice from Piedmont as promised in 1860 ).

The two negotiate the ceding of Orkney and Shetland from the Kalmar Union to the Kingdom of Scotland.

In 1992 he concluded an agreement with the conservative government of Prime Minister Constantine Mitsotakis, ceding most of his land in Greece to a non-profit foundation in exchange for the former palace of Tatoi, near Athens, and the right to export a number of movables from Greece.

The first mention of Genk as Geneche can be found in a document dating from 1108, ceding the territory to the Abbey of Rolduc.

Károlyi resigned from office ceding power to the Social Democrats, who realized that Hungary needed allies for the coming war and in their view, the only ally that offered Hungary anything was Soviet Russia.

Emperor Go-Shirakawa stepped back from his formal role as emperor, but his abdication implied no ceding of political and other powers to his successor.

Tenskwatawa urged natives to reject the ways of the Europeans: to give up firearms, liquor, European style clothing, to pay traders only half the value of their debts, and to refrain from ceding any more lands to the United States.

Lord Lugard was Governor from 1907 to 1912, and he proposed the return of Weihaiwei to the Chinese government, in return for the ceding of the leased New Territories in perpetuity.

At the same time, the labor unions became corporate, ceding the right to strike in agreements with Perón as Secretary of Welfare in the military government from 1943-45.

The assembly resolved to create lobbying committees to prevent the Ottoman Empire from ceding Epirus ( or Chameria, as Albanians named the region ) to Greece.

After the ceding of Hong Kong from China to Great Britain, Staunton Street in Central was named after him.

This led to the Treaty of Fort Jackson ( August 1814 ) where the general insisted on the Creek ceding more than 20 million acres of land from southern Georgia and central Alabama.

He also called for the tribes to refrain from ceding any more lands to the United States.

In 1925 the Boundary Commission report, contrary to expectations, proposed ceding some small areas of the Free State to Northern Ireland.

Leaks to the press generated shock among some nationalists: instead of ceding large areas of the North to the Free State, the latter would receive only a small part of south Armagh and Fermanagh, and would actually lose part of eastern Donegal.

The Peace of Paris concluded the war, with France losing all of its territory in North America ( other than two small islands near Newfoundland ), and Spain ceding Florida to Britain in exchange for having Havana returned.

The Lower Creek Council, a small faction led by Troup's first cousin, William McIntosh, signed the Treaty of Indian Springs on February 13, 1825, ceding a large amount of Creek territory to the United States.

The contract included a number of provisos, including the label ceding greater creative control to the artist and a commitment to breaking Williams into the US market.

During the Second World War, Finland fought twice against the Soviet Union and defended its independence, though in the process it in the 1947 peace settlement ended up ceding a large part of Karelia and some other areas to the Soviet Union.

* 1701 – Representatives of the Iroquois Confederacy sign the Nanfan Treaty, ceding a large territory north of the Ohio River to England.

The Treaty of Sugauli was signed in 1816, ceding large parts of the Nepali territories of Terrai, ( nearly one third of the country ), to the British, in exchange for Nepalese autonomy.

The second time he offers a large ransom for his family, the ceding of all of the Persian Empire west of the Euphrates River, and the hand of his daughter in return for an alliance.

In the summer of 1790, McGillivray and 29 other Muscogee chiefs signed the Treaty of New York, on behalf of the ' Upper, Middle and Lower Creek and Seminole composing the Creek nation of Indians ,' ceding a large portion of their lands to the federal government and promising to return fugitive slaves, in return for federal recognition of Muscogee sovereignty and promises to evict white settlers.

Khosrau further rewarded Maurice by ceding to the Empire western Armenia up to the lakes Van and Sevan, including the large cities of Martyropolis, Tigranokert, Manzikert, Ani, and Yerevan.

The leader of the first large party of emigrants was A. H. Potgieter, who concluded an agreement with Makwana, the chief of the Bataung tribe of Batswana, ceding to the farmers the country between the Vet and Vaal rivers.

In March 1918 the new Bolshevik government in Russia signed the Treaty of Brest-Litovsk concluding peace with the Central Powers, but ceding large amounts of territory, including Ukraine.

Odo I became the first margrave, his successor Gero II from 1002 on had to face several attacks by Polish duke Bolesław I Chrobry, which did not end until the 1018 Treaty of Bautzen ceding large parts of eastern Lusatia to Poland.