reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s 
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
Examples of reinsurance in a Sentence
Recent Examples on the Web
Global Atlantic’s O’Shea said a return to the office after Covid was a no-brainer for the provider of annuities, life insurance and reinsurance.
—
Kenneth R. Gosselin, Hartford Courant, 21 Feb. 2024
In Kenya, a consortium of insurers backed by the global reinsurance industry offers insurance to farmers vulnerable to drought and uses satellite technology to measure the vegetation available to livestock.
—Kathy Baughman McLeod, Foreign Affairs, 13 Apr. 2020
High inflation has driven up the cost to pay out customers’ claims and has made the reinsurance policies companies buy to protect themselves from losses more expensive.
—Dylan Sloan, Fortune, 29 May 2024
The company operates in 54 countries and territories, and its offerings include: Commercial property and personal casualty insurance, personal and supplemental health insurance, reinsurance and life insurance to a diverse group of clients, according to its website.
—Rocio Fabbro, Quartz, 16 May 2024
See all Example Sentences for reinsurance 
Kenneth R. Gosselin, Hartford Courant, 21 Feb. 2024
In Kenya, a consortium of insurers backed by the global reinsurance industry offers insurance to farmers vulnerable to drought and uses satellite technology to measure the vegetation available to livestock.
—Kathy Baughman McLeod, Foreign Affairs, 13 Apr. 2020
High inflation has driven up the cost to pay out customers’ claims and has made the reinsurance policies companies buy to protect themselves from losses more expensive.
—Dylan Sloan, Fortune, 29 May 2024
The company operates in 54 countries and territories, and its offerings include: Commercial property and personal casualty insurance, personal and supplemental health insurance, reinsurance and life insurance to a diverse group of clients, according to its website.
—Rocio Fabbro, Quartz, 16 May 2024
See all Example Sentences for reinsurance
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“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 4 Jul. 2024.
Copy CitationLegal Definition
reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession sense 3
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