reinsure
verb
re·in·sure
| \ ˌrē-ən-ˈshu̇r
, ˌrē-ən-ˈshər\
, ˌrē-ən-ˈshər\
reinsured;
reinsuring;
reinsures
Definition of reinsure
1
: to insure again by transferring to another insurance company all or a part of a liability assumed
2
: to insure again by assuming all or a part of the liability of an insurance company already covering a risk
: to provide increased insurance
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Examples of reinsure in a Sentence
Recent Examples on the Web
All of the 20 or so who underwrite and reinsure K&R have syndicates in Lloyd’s, a marketplace for insurance in London, says Ms Shortland. — The Economist, "How kidnapping insurance keeps a lid on ransom inflation," 26 May 2018 Gold was not there any more to reinsure, to protect and to preserve the international balance. — Jack Heuer, A-LIST, "How TAG Heuer Survived the Great Gold Calamity," 30 Mar. 2018 Lloyd’s was given permission to reinsure all the business done on the Continent back to London—a move some other European regulators deemed too risky. — Julia-ambra Verlaine, WSJ, "U.K. Firms Offered Sweeteners as They Shop for Post-Brexit Homes," 6 July 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reinsure.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for reinsure
reinsure
verb
English Language Learners Definition of reinsure
: to insure (something) again so that the insurance is shared by more than one company
See the full definition for reinsure in the English Language Learners Dictionary
reinsure
transitive verb
re·in·sure
| \ ˌrē-ən-ˈshu̇r
\
\
Legal Definition of reinsure
: to insure again : transfer or assume (liability) through reinsurance
frequently reinsure part of their exposure— R. I. Mehr