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

Re share price up 5% after yearly profit beat Shares of German reinsurance giant Munich Re jumped 5% at 10:48 a.m. —Chloe Taylor,holly Ellyatt, CNBC, 26 Feb. 2025

Two Sigma also invests in real estate, owns a Bermuda reinsurance company, and operates a private equity and venture capital arm. —Lucas Frau, USA TODAY, 18 Feb. 2025

That means reinsurance premiums can get pricey, especially as more major disasters strike around the world, pressuring retail insurers from the other side. —Umair Irfan, Vox, 5 Feb. 2025

The big question is whether the FAIR plan will be able to cover these losses through its own reserves and reinsurance. —Michael Gfoeller and David H. Rundell, Newsweek, 15 Jan. 2025

Word History

First Known Use

1705, in the meaning defined above

Rhymes for reinsurance

• reassurance
• assurance
• insurance
• durance

Legal 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