reinsure


re·in·sure

verb \ˌrē-ən-ˈshr\

: to insure (something) again so that the insurance is shared by more than one company

Full Definition of REINSURE

transitive verb
1
:  to insure again by transferring to another insurance company all or a part of a liability assumed
2
:  to insure again by assuming all or a part of the liability of an insurance company already covering a risk
intransitive verb
:  to provide increased insurance
re·in·sur·er noun

First Known Use of REINSURE

1755

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