re insurance

reinsurance

[ree-in-shoor-uhns, -shur-]
noun
the process or business of reinsuring.

Origin:
1745–55; re- + insurance

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
reinsurance

noun
sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured; "reinsurance enables a client to get coverage that would be too great for any one company to assume" 
WordNet® 3.0, © 2006 by Princeton University.
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