Verb: reinsure ,ree-in'shûr [N. Amer], ,ree-in'shor or ,ree-in'shûr [Brit]
- Transfer part or all of an insurance risk to another insurer
"The company reinsured its flood coverage with a larger firm"
- Provide additional insurance for
"The company reinsured its high-risk policies with another insurer"; "They reinsured their cargo shipments to reduce potential losses"
Derived forms: reinsured, reinsures, reinsuring
Type of: cover, insure, underwrite
Encyclopedia: Reinsure