reinsure

[ ree-in-shoor, -shur ]

verb (used with object)

, re·in·sured, re·in·sur·ing.

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.

reinsure

/ ˌriːɪnˈʃʊə; -ʃɔː /

verb

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)

Derived Forms

• ˌreinˈsurance, noun
• ˌreinˈsurer, noun

Other Words From

• rein·surer noun

Word History and Origins

Origin of reinsure¹

First recorded in 1745–55; re- + insure

Example Sentences

It has tried to undercut, has been badly hit by a long series of small fires, and it hasn't been able to reinsure.

From Project Gutenberg

There is a class of optimists ready to reinsure an “overdue” ship at a heavy premium.

From Project Gutenberg