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

For example, rates to reinsure U.S. property catastrophe risk jumped 50% this year as climate change takes its toll.

From Reuters

“I reinsured my neck this week, and X-rays showed a change in the vertebra,” Bass said at the time.

From Washington Post

Reinsurers, which insure the insurers, are likely to face the bulk of any claims as "high-severity exposures are typically reinsured", Fitch said.

From Reuters

A large share of losses will probably be reinsured by a global panel of reinsurers, Fitch said, adding that this will add pressure to first-half earnings.

From Reuters

The bulk of those insurance claims will then likely be reinsured through a programme run by the wider International Group of P&I Clubs, Smith at McGill said.

From Reuters