to insure again, esp. under a contract by which one insurer transfers all or part of the risk to another insurer
transitive verbre·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.
(third-person singular simple present reinsures, present participle reinsuring, simple past and past participle reinsured)