portfolio transfer
Portfolio transfer refers to the cession of a book of business—for example, for an insurer withdrawing from writing a certain class of risk.
portfolio transfer
Portfolio transfer refers to the cession of a book of business—for example, for an insurer withdrawing from writing a certain class of risk.
Additional Information
Since the business has already been written, it is retroactive insurance, so it is a balance sheet only transaction (transfer of assets and liabilities).
