Second surplus reinsurance

{
  "id": "MLC-T-INS-003030",
  "term": "Second surplus reinsurance",
  "field": "Insurance and risk management",
  "definition": "A form of proportional reinsurance where the reinsurer assumes a share of the risk that exceeds the capacity of the primary insurer and any first surplus treaty. This arrangement allows the primary insurer to retain a larger portion of the risk while ceding additional amounts to multiple reinsurers. It provides further capacity for large or volatile risks.",
  "url": "https://mlchart.com/terminology/insurance/second-surplus-reinsurance/"
}