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da congenere que cedeu o cosseguro...

English translation: party ceding the coinsurance accepted by the insurer

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:congenere que cedeu o cosseguro...
English translation: party ceding the coinsurance accepted by the insurer
Entered by: Neil Crockford

13:45 Aug 12, 2010
Portuguese to English translations [Non-PRO]
Bus/Financial - Insurance / insurance policy
Portuguese term or phrase: da congenere que cedeu o cosseguro...
A SUSEP term,
coresponde ao código na SUSEP da congenere que cedeu o cosseguro aceito pela seguradora.

It is something about the SUSEP code used for assigning to a co-insured party I assume, but not quite sure how it should be all put together>>
Andrew Hunt
United Kingdom
Local time: 04:33
the party ceding the coinsurance accepted by the insurer
Explanation:
It's clearly coinsurance, not a co-insured, so this looks as if the Insurer referred is taking on part of the risk as a co-insurer, with the leading insuer being the party doing the ceding.
Selected response from:

Neil Crockford
Local time: 04:33
Grading comment
That was a mouthful for me - thks Neil!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1the party ceding the coinsurance accepted by the insurer
Neil Crockford


  

Answers


48 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
the party ceding the coinsurance accepted by the insurer


Explanation:
It's clearly coinsurance, not a co-insured, so this looks as if the Insurer referred is taking on part of the risk as a co-insurer, with the leading insuer being the party doing the ceding.

Neil Crockford
Local time: 04:33
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 32
Grading comment
That was a mouthful for me - thks Neil!

Peer comments on this answer (and responses from the answerer)
agree  P Forgas: The party that diversifies its insurance portfolio is known as the ceding party. www.investopedia.com › Dictionary
10 mins
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