reinsure
verb
re·in·sure
ˌrē-ən-ˈshu̇r 
ˌrē-ən-ˈshər
reinsured; reinsuring; reinsures
1
: to insure again by transferring to another insurance company all or a part of a liability assumed
2
: to insure again by assuming all or a part of the liability of an insurance company already covering a risk
: to provide increased insurance
reinsurer
noun
Examples of reinsure in a Sentence
Recent Examples on the Web
The International Group of P&I Clubs collectively insures approximately 90% of the world's ocean-going tonnage and member P&I clubs mutually reinsure each other by sharing claims above $10 million.
—
Sinead Cruise, USA TODAY, 28 Mar. 2024
The idea was that since Pan American was reinsuring all of Ms. Clark's numerous captive clients, there was (at least in theory) a mixing of risk among all these client captives.
—Jay Adkisson, Forbes, 10 Feb. 2024
Another thing: Is there a way to reinsure some of these costs?
—Jenna Carlesso, Hartford Courant, 11 Oct. 2022
That year, Argentina received the largest loan in IMF history—to reinsure payment of existing debt.
—Rohan Montgomery, The New Republic, 26 June 2022
Say, the PoolRe risk pool had three captives, A, B, and C, which respectively reinsure 50%, 30%, and 20% of the total stop-loss risk, because A's insureds pay 50% of the premiums to PoolRe for the stop-loss coverage, B's pay 30%, and C's pay 20%.
—Jay Adkisson, Forbes, 13 May 2022
German insurer Allianz SE said its U.S. life insurer had reached an agreement to reinsure liabilities of $35 billion, in one of the largest transactions of its kind.
—Julie Steinberg, WSJ, 3 Dec. 2021
MassMutual would reinsure 80% of American Equity’s existing business to Athene and retain the remaining 20%, according to the letter.
—Leslie Scism, WSJ, 1 Oct. 2020
Unlike in Europe, where governments have stepped in to reinsure transactions, the U.S. hasn’t supported the market.
—Julie Steinberg and Joe Wallace, WSJ, 22 Sep. 2020
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Sinead Cruise, USA TODAY, 28 Mar. 2024
The idea was that since Pan American was reinsuring all of Ms. Clark's numerous captive clients, there was (at least in theory) a mixing of risk among all these client captives.
—Jay Adkisson, Forbes, 10 Feb. 2024
Another thing: Is there a way to reinsure some of these costs?
—Jenna Carlesso, Hartford Courant, 11 Oct. 2022
That year, Argentina received the largest loan in IMF history—to reinsure payment of existing debt.
—Rohan Montgomery, The New Republic, 26 June 2022
Say, the PoolRe risk pool had three captives, A, B, and C, which respectively reinsure 50%, 30%, and 20% of the total stop-loss risk, because A's insureds pay 50% of the premiums to PoolRe for the stop-loss coverage, B's pay 30%, and C's pay 20%.
—Jay Adkisson, Forbes, 13 May 2022
German insurer Allianz SE said its U.S. life insurer had reached an agreement to reinsure liabilities of $35 billion, in one of the largest transactions of its kind.
—Julie Steinberg, WSJ, 3 Dec. 2021
MassMutual would reinsure 80% of American Equity’s existing business to Athene and retain the remaining 20%, according to the letter.
—Leslie Scism, WSJ, 1 Oct. 2020
Unlike in Europe, where governments have stepped in to reinsure transactions, the U.S. hasn’t supported the market.
—Julie Steinberg and Joe Wallace, WSJ, 22 Sep. 2020
Dictionary Entries Near reinsure
Cite this Entry
“Reinsure.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsure. Accessed 24 Nov. 2024.
Copy CitationLegal Definition
reinsure
transitive verb
re·in·sure
ˌrē-ən-ˈshu̇r
: to insure again : transfer or assume (liability) through reinsurance
frequently reinsure part of their exposure—R. I. Mehr
R. I. MehrLove words? Need even more definitions?
Merriam-Webster unabridged
Share