reinsure

reinsure
reinsure re‧in‧sure [ˌriːɪnˈʆʊə ǁ -ˈʆʊr] verb [transitive]
INSURANCE to share the insurance of something between two or more insurance companies, so that there is less risk for each

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reinsure UK US (also re-insure) /ˌriːɪnˈʃɔːr/ verb [I or T] INSURANCE
if an insurance company reinsures, it buys insurance from other companies to protect itself against large demands from its customers: »

The company doesn't like to reinsure catastrophe insurers, as natural disasters like storms are becoming increasingly unpredictable.

reinsurer noun [C]
»

Many insurance companies are holding talks with their reinsurers over price increases.


Financial and business terms. 2012.

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Look at other dictionaries:

  • reinsure — re·in·sure /ˌrē ən shu̇r/ vt: to insure again: transfer or assume (liability) through reinsurance frequently reinsure part of their exposure R. I. Mehr Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Reinsure — Re in*sure ( sh?r ), v. t. 1. To insure again after a former insuranse has ceased; to renew insurance on. [1913 Webster] 2. To insure, as life or property, in favor of one who has taken an insurance risk upon it. [1913 Webster] The innsurer may… …   The Collaborative International Dictionary of English

  • reinsure — [rē΄in shoor′] vt. reinsured, reinsuring to insure again, esp. under a contract by which one insurer transfers all or part of the risk to another insurer reinsurance n. reinsurer n …   English World dictionary

  • reinsure — Date: 1755 transitive verb 1. to insure again by transferring to another insurance company all or a part of a liability assumed 2. to insure again by assuming all or a part of the liability of an insurance company already covering a risk… …   New Collegiate Dictionary

  • reinsure — reinsurer, n. /ree in shoor , sherr /, v.t., reinsured, reinsuring. 1. to insure again. 2. Insurance. to insure under a contract by which a first insurer is relieved of part or all of the risk, which devolves upon another insurer. [1745 55; RE +… …   Universalium

  • reinsure — verb a) To insure again (extending or replacing prior insurance.) b) To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did) …   Wiktionary

  • reinsure — re|in|sure [ˌri:ınˈʃuə US ˈʃur] v [T] technical to share the insurance of something between two or more companies, so that there is less risk for each >reinsurance n [U] >reinsurer n …   Dictionary of contemporary English

  • reinsure — re|in|sure [ ,riın ʃur ] verb transitive 1. ) to get insurance from another insurance company 2. ) BUSINESS to divide insurance between two companies so that one company does not have to take all the risk ╾ re|in|sur|ance noun uncount …   Usage of the words and phrases in modern English

  • reinsure — re·in·sure || ‚rɪːɪn ʃʊr / ʃʊə v. take a secondary insurance policy; insure a second time, insure again …   English contemporary dictionary

  • reinsure — verb (of an insurer) transfer (all or part of a risk) to another insurer to provide protection against the risk of the first insurance. Derivatives reinsurance noun reinsurer noun …   English new terms dictionary

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