re- +"Ž insurance
reinsurance - Investment & Finance Definition
Insurance purchased by a primary insurance underwriter in order to reduce some of the insurance company’s exposure to risk. Reinsurance coverage is purchased to cover broad categories of risks or to cover a specific risk. Reinsurance companies work by spreading risks throughout underwriting pools. Each pool member receives a percentage of pool revenue as income and accepts responsibility for a percentage of pool losses.
REIT See Real Estate Investment Trust.