Creates a facultative reinsurer.

The facultative reinsurer identifies the entity to which a cession made in a reinsurance cession. Every facultative cession is defined by a facultative reinsurer.

A reinsurance cession is a contract between a primarty insurer and a reinsurer that is applied on a risk-by-risk basis, meaning that distinct cessions may be defined for each location or policy in an account. For each reinsurance cession, the limit, attachment point, inuring priority, and participation percentage are definable quantities.

Risk Data API supports two types of reinsurace cessions: facultative cessions and treaty cessions.