reinsure

verb re·in·sure \ ˌrē-ən-ˈshu̇r , ˌrē-ən-ˈshər \

Definition of reinsure

reinsured; reinsuring; reinsures

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

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reinsurer

noun

See reinsure defined for English-language learners

Recent Examples of reinsure from the Web

All of the 20 or so who underwrite and reinsure K&R have syndicates in Lloyd’s, a marketplace for insurance in London, says Ms Shortland.

— The Economist, "How kidnapping insurance keeps a lid on ransom inflation," 26 May 2018
Gold was not there any more to reinsure, to protect and to preserve the international balance.

— jack heuer, A-LIST, "How TAG Heuer Survived the Great Gold Calamity," 30 Mar. 2018
Lloyd’s was given permission to reinsure all the business done on the Continent back to London—a move some other European regulators deemed too risky.

— julia-ambra verlaine, WSJ, "U.K. Firms Offered Sweeteners as They Shop for Post-Brexit Homes," 6 July 2017

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.