reinsurance

[ ree-in-shoor-uhns, -shur- ]

noun

1. the process or business of reinsuring.

Word History and Origins

Origin of reinsurance¹

First recorded in 1745–55; re- + insurance

Example Sentences

Enter reinsurance, the global economy’s last backstop for the costs of climate chaos.

From Quartz

Catastrophe bonds are issued by reinsurance companies as a way to hedge some of their own risk from devastating hurricanes, fires, floods and earthquakes.

From Fortune

Holidaymakers remain an important part of the local economy, but so too does the insurance and reinsurance business.

From The Daily Beast

And it would make reinsurance—and thus, insurance—much more expensive for almost everyone.

From The Daily Beast

To begin with, almost all insurers buy insurance of their own, reinsurance, to deal with the biggest risks they face.

From The Daily Beast

While devastating, Sandy is not likely to cripple the insurance or reinsurance industries with massive payouts.

From The Daily Beast

Two weeks ago, Munich RE, the German reinsurance giant, released a prescient report.

From The Daily Beast

Reinsurance contracts are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.

From Project Gutenberg

Reinsurance treaties are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.

From Project Gutenberg

The aggregate of these sums makes up the "reserve" or reinsurance fund.

From Project Gutenberg

He starved himself in order to save money to speculate in shipping reinsurance.

From Project Gutenberg

In this connection it was that he gave me the first hints concerning the secret reinsurance treaty with Russia.

From Project Gutenberg