reinsurance

noun

re·​in·​sur·​ance ˌrē-ən-ˈshu̇r-ən(t)s 

ˌrē-ən-ˈshər-,

 also  (ˌ)rē-ˈin-ˌshu̇r-,

(ˌ)rē-ˈin-ˌshə̇r-

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

Examples of reinsurance in a Sentence

Recent Examples on the Web

However, the insurer has argued that even a 31 percent increase is well below that needed to cover recent changes in the Florida insurance market, and the impacts of hurricanes and reinsurance costs. —Hugh Cameron, MSNBC Newsweek, 20 June 2025

The state already funds the reinsurance pool with about $90 million, according to the Colorado Department of Insurance. —Nick Coltrain, Denver Post, 11 June 2025

Each insurer negotiates reinsurance buys separately and what each insurer pays only shows up on the premium side, and not the exposure side, of cost-per-$1,000 calculations. —Ron Hurtibise, Sun Sentinel, 15 June 2025

The company has estimated that the January wildfires will cost it a total of $7.6 billion, though reinsurance payments from its parent company would lower the losses to about $612 million. —Giulia Carbonaro, MSNBC Newsweek, 13 June 2025

Word History

First Known Use

1705, in the meaning defined above

Rhymes for reinsurance

• reassurance
• assurance
• insurance
• durance

Legal Definition

reinsurance

noun

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

: 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 sense 3