reinsure

verb re·in·sure \ ˌrē-ən-ˈshu̇r , ˌrē-ən-ˈshər \
Updated on: 15 Nov 2017

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

Recent Examples of reinsure from the Web

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

First Known Use of reinsure

1702


REINSURE Defined for English Language Learners

reinsure

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

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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