reinsure

[ree-in-shoo r, -shur] /ˌri ɪnˈʃʊər, -ˈʃɜr/
verb (used with object), reinsured, reinsuring.
1.
to insure again.
2.
Insurance. to insure under a contract by which a first insurer is relieved of part or all of the risk, which devolves upon another insurer.
Origin
1745-55; re- + insure
Related forms
reinsurer, noun
Examples from the web for reinsure
  • Alternatively, the government might reinsure people.
  • Where private credit insurance is available, the government would reinsure its risk.
  • Captives are created when a business or groups of businesses join to insure or reinsure their own risk.
  • It chose not to reinsure the aggregate basis policy.
  • Most insurers thought it was plain daft to reinsure doctors' mutuals.
British Dictionary definitions for reinsure

reinsure

/ˌriːɪnˈʃʊə; -ʃɔː/
verb (transitive)
1.
to insure again
2.
(of an insurer) to obtain partial or complete insurance coverage from another insurer for (a risk on which a policy has already been issued)
Derived Forms
reinsurance, noun
reinsurer, noun