re insure

reinsure

[ree-in-shoor, -shur]
verb (used with object), reinsured, reinsuring.
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.

Origin:
1745–55; re- + insure

reinsurer, noun
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World English Dictionary
reinsure (ˌriːɪnˈʃʊə, -ʃɔː)
 
vb
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)
 
rein'surance
 
n
 
rein'surer
 
n

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