1. The act of ceding back or returning something previously ceded, especially territory or rights
The retrocession of the territory was negotiated in the peace treaty.
O retrocesso do território foi negociado no tratado de paz.
2. In insurance, the transfer of insurance risk by a reinsurer to another reinsurer
The insurance company arranged a retrocession agreement to distribute the risk.
A companhia de seguros estabeleceu um acordo de retrocesso para distribuir o risco.
3. The act of moving backward or returning to a previous state or condition
There was a retrocession in economic progress after the financial crisis.
Houve um retrocesso no progresso econômico após a crise financeira.