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reinsure

Line breaks: re|insure
Pronunciation: /riːɪnˈʃʊə
 
/

Definition of reinsure in English:

verb

[with object]
(Of an insurer) transfer (all or part of a risk) to another insurer to provide protection against the risk of the first insurance: the syndicates reinsure each other’s exposure to catastrophic risk
More example sentences
  • It is not for nothing that the laws of the land prescribe a minimal portion of the insurance business to be compulsorily reinsured with another insurer/reinsurer.
  • Property insurance and business interruption insurance have been the hardest hit, but employer liability insurance is also increasing as insurers are finding it harder to reinsure certain risks.
  • But in each case the whole of the risk was reinsured through the London market so that neither Colombian insurer retained any part of the risk themselves.

Derivatives

reinsurance

1
noun
Example sentences
  • Insurance companies say the principal reason for the dramatic increases is the spiralling burden of reinsurance on all the major insurers.
  • Insurance companies will spread their losses through their reinsurance contracts.
  • To be eligible for government reinsurance, businesses would have to offer affordable coverage to all of their workers.

reinsurer

2
noun
Example sentences
  • The main problems that could affect Ireland are the twin impact of the cost of reinsurance and insolvency among reinsurers.
  • Insurers and reinsurers across the Continent may face claims as high as $3 billion, and that could mean higher premiums for both corporate and personal policyholders next year.
  • The reinsurers aid insurers to spread their costs.

Definition of reinsure in:

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