reinsure

play
verb re·in·sure \ ˌrē-ən-ˈshu̇r \

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

reinsurer

noun

First Known Use of reinsure

1702


REINSURE Defined for English Language Learners

reinsure

play
verb

Definition of reinsure for English Language Learners

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


Law Dictionary

reinsure

play
transitive verb re·in·sure \ ˌrē-ən-ˈshu̇r \

legal Definition of reinsure

:to insure again :transfer or assume (liability) through reinsurance
  • frequently reinsure part of their exposure
  • —R. I. Mehr

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