gross cessation
Gross cessation occurs when a reinsurer assumes 100 percent of the risk covered by a policy issued by an insurer.
gross cessation
Gross cessation occurs when a reinsurer assumes 100 percent of the risk covered by a policy issued by an insurer.
Additional Information
An example of this is when a captive insurer assumes all of the risk written for its parent by a "fronting company" and the captive then places reinsurance above its net retention.
