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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)

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Derived Forms

  • ˌreinˈsurance, noun
  • ˌreinˈsurer, noun

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Other Words From

  • rein·surer noun

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Word History and Origins

Origin of reinsure1

First recorded in 1745–55; re- + insure

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Example Sentences

It has tried to undercut, has been badly hit by a long series of small fires, and it hasn't been able to reinsure.

There is a class of optimists ready to reinsure an “overdue” ship at a heavy premium.

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