Retrocessie

Retrocessie is a term used in Dutch to denote the act of returning a right, property, or responsibility to its former owner or to the original holder of the rights. The term derives from the French rétrocession and is used in several professional domains, including law, international relations, and insurance.

In legal and administrative contexts, retrocession refers to the reversal of a cession or transfer. This can involve the return of property to its previous owner, the restoration of jurisdiction, or the surrender of certain rights under a treaty or agreement. Retrocession often requires formal acts, such as declarations, registrations, or legal instruments, and is usually governed by applicable laws or international agreements.

In the insurance and reinsurance sector, retrocession (retrocessie) denotes the practice in which a reinsurer transfers part of the risk it has assumed to another insurer, called a retrocessionaire. The arrangement allows for risk diversification and capacity management, with corresponding adjustments to premiums, terms, and claims handling.

In broader finance or property contexts, retrocession can refer to the return of funds or assets under stipulated conditions, such as refunds, restitution, or the reversion of assets after a contract lapses or expires.

The term is used primarily in Dutch-speaking contexts and is closely related to the English terms retrocession or restitution. See also retrocession, reversion, restitution.