[
US
/ˌɹiɪnˈʃʊɹ/
]
[ UK /ɹˌiːɪnʃˈɔː/ ]
[ UK /ɹˌiːɪnʃˈɔː/ ]
VERB
- provide additional insurance for
- insure again by assuming all or a part of the liability of an insurance company already covering a risk
- insure again by transferring to another insurance company all or a part of a liability assumed
How To Use reinsure In A Sentence
- Insurers and reinsurers had never considered terrorism when pricing their premiums.
- The third would have the government "reinsure" some mortgage investments that are already guaranteed by private insurers. Geithner wants housing finance overhaul bill in 2 years
- Insurance companies are also slugging it out with their reinsurers (report, page 40). Times, Sunday Times
- Other times it is simply an economic view of an industry or product where we insure or reinsure risks.
- Such a term will protect the reinsurer against the risk that no underwriting judgment is made at all in relation to any particular policy.
- Insurers and reinsurers across the Continent may face claims as high as $3 billion, and that could mean higher premiums for both corporate and personal policyholders next year.
- The Reinsurers received almost two thirds of the whole premium for reinsuring only part of the risk.
- Property insurance and business interruption insurance have been the hardest hit, but employer liability insurance is also increasing as insurers are finding it harder to reinsure certain risks.
- The risks were widely reinsured across of pool of insurers.
- It is difficult to see how such cover can work at all if a fronting company alone is the reinsured.
