Definition of reinsure in English:

reinsure

Line breaks: re|insure
Pronunciation: /riːɪnˈʃʊə
 
/

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

noun
More 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

noun
More 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.

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