reinsure

Definition of Reinsure in English :

1. reinsure

provide additional insurance for

2. reinsure

insure again by transferring to another insurance company all or a part of a liability assumed

3. reinsure

insure again by assuming all or a part of the liability of an insurance company already covering a risk

WordNet Lexical Database for English. Princeton University. 2010.

Reinsure

verb (transitive)

1.

to insure again

2.

(of an insurer) to obtain partial or complete insurance coverage from another insurer for (a risk on which a policy has already been issued)

verb transitiveWord forms: ˌreinˈsured or ˌreinˈsuring

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

tr.v. re·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.