Retrocession
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Retrocession

Retrocession is the return of something (e.g., land) that was ceded in general or, specifically:

Examples:

  • District of Columbia retrocession, the retrocession to Virginia, and potentially to Maryland, of the land ceded to create the District of Columbia
  • Retrocession of Louisiana (New Spain) from Spain to France, formally accomplished just three weeks before the U.S. received the Louisiana Purchase lands from France
  • Taiwan retrocession, the retrocession of Taiwan from Japan to China in 1945; See Taiwan under Japanese rule

In insurance, retrocessional arrangements generally are governed by a reinsurance or retrocessional agreement and the principles applicable to reinsurance also are applicable to retrocessional cover.


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Retrocession
 



 

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