Which of the following sells reinsurance?

The assuming insurer is the entity that sells reinsurance. In the context of the reinsurance market, the assuming insurer is the company that accepts the risk from another insurer, known as the ceding insurer. This transfer of risk is a fundamental aspect of reinsurance, where the assuming insurer takes on the policy liabilities of the ceding insurer in exchange for a portion of the premium. This process allows insurers to manage their risk exposure by pooling and diversifying their liabilities.

The reinsurance broker facilitates the transactions between the ceding insurer and the assuming insurer but does not sell reinsurance itself. The policyholder is the customer who purchases primary insurance from an insurance company and does not play a role in the reinsurance process. The state insurance commissioner regulates the insurance industry and oversees adherence to laws and regulations but does not sell reinsurance. Thus, the role of the assuming insurer is central, as it is the party that directly engages in the sale and transfer of reinsurance.