reinsurance

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

Origin:
1745–55; re- + insurance

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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

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Only once the private insurers have gone belly up would federal reinsurance kick in.
The reinsurance price index adjusts for changes in relative prices.
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