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reinsure Definition

re·insure (rē′in s̸ho̵or′)

transitive verb -·sured′, -·sur′·ing

to insure again, esp. under a contract by which one insurer transfers all or part of the risk to another insurer

reinsure Related Forms

re′·insur′·ance noun re′·insur′·er noun

reinsure Usage Examples

Object

  • risk: It is empowered to ensure and reinsure political risks, natural disasters, economic and commercial risks as well as exchange risk rates.
  • %: GAN reinsured 2 % of this risk on a facultative basis, with Tai Ping reinsuring the remainder elsewhere.

Modifying Another Word

not: Combined Insurance did not reinsure its exposure to Terrorism Hazard, so the reinsurance only covered exposure under the 24 Hour All Risk cover.