reinsurance

noun re·in·sur·ance \ ˌrē-ən-ˈshu̇r-ən(t)s , ˌrē-ən-ˈshər- also (ˌ)rē-ˈin-ˌshu̇r- , (ˌ)rē-ˈin-ˌshə̇r- \
|Updated on: 24 Jul 2018

Definition of reinsurance

: insurance by another insurer of all or a part of a risk previously assumed by an insurance company

Recent Examples of reinsurance from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reinsurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of reinsurance

1705

in the meaning defined above

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Law Dictionary

reinsurance

noun re·in·sur·ance \ ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r- \

legal Definition of reinsurance

: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer — see also cede — compare direct insurance, retrocession 3

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