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  • noun

Synonyms for cession

the act of ceding

References in periodicals archive ?
Malaysian Re generates over 50% of its premium income from voluntary cessions agreements with ceding companies in Malaysia which require the ceding companies to cede 4-5% of their business to Malaysian Re.
Reinsurance cessions, on the other hand, are handled behind the scenes, without the insured's knowledge, so alien reinsurers who have a more advantageous tax basis gain clear advantage.
The ratings reflect Singapore Re's superior risk-adjusted capitalization level, stable investment income and favorable underwriting result of bilateral cessions.
Best's opinion, GIC's leading position in the domestic market is likely to be maintained over the next two years, as compulsory cessions in the Indian market (the company's main source of premium income) are expected to continue in the near future.
The withdrawal of legal cessions in 2009 could lead to some potential vulnerability for the business from the domestic market.
The improvement was attributed to better underwriting results of its bilateral cessions business, in which Singapore Re has a higher degree of flexibility in risk selection.
EARe's business profile continues to be limited by the compulsory legal cessions enjoyed by its larger competitors in both the local and regional markets.
ZEP-RE is not unduly reliant on these cessions to support its expansion, and at year-end 2011 compulsory business represented 8.
Axa Corporate Solutions combines the worldwide operations of Axa Re, Axa Global Risks and Axa Cessions, said Eric Paire, chief executive officer of Axa Corporate Solutions.
Counterparty risk arising from the reinsurance cessions is kept low, with the use of highly rated reinsurers, most notably Munich Re which is also a shareholder of the company.
Best expects the additional premium income that should be generated from this natural catastrophe reinsurance scheme to offset over the medium term the decrease in business volume due to the gradual phasing out of the legal cessions regime in Morocco.
Compulsory cessions account for around 40% of Kenya Re's gross premium income, with the remainder being voluntary in nature and dispersed throughout Africa and internationally.
Offsetting factors are the increasing pressure on business growth prospects due to the anticipated reduction in the level of support from compulsory business cessions, and the negative effect this is likely to have on Ghana Re's underwriting performance.
Best believes that the potential loss of legal cessions brings about a degree of uncertainty with regards to the company's prospective business profile.
Rapid growth is boosting Asia's share of global cessions to reinsurance business, but growth in nonlife premiums is predominately driven by less reinsurance-intensive personal lines like motor insurance.