Recapture

{
  "id": "MLC-T-INS-002814",
  "term": "Recapture",
  "field": "Insurance and risk management",
  "definition": "The process by which a ceding insurer takes back a portion or all of the reinsurance previously ceded to a reinsurer. This often occurs at the end of a reinsurance treaty period or when specific conditions are met, such as the reinsurer's financial instability. It can also refer to the recovery of funds by an insurer from a third party after paying a claim.",
  "url": "https://mlchart.com/terminology/insurance/recapture/"
}