Reinsurance

thumb|Headquarters of the Munich Reinsurance Company

late 19th-century German-Russian agreement

insurance market located in the City of London

cost or economic contribution

The act of cession is the assignment of property to another entity. In international law it commonly refers to land transferred by treaty. Ballentine's Law Dictionary defines cession as "a surrender; a giving up; a relinquishment of jurisdiction by a board in favor of another agency." In contrast with annexation, where property is forcibly seized, cession is voluntary or at least apparently so.

form of reinsurance, consisting of risk-linked securities that transfer a specified set of risks from a sponsor to investors