1. to insure again or additionally; especially to transfer all or part of an insurance risk to another insurer
Usage: insurance industry term

Examples

• The insurance company decided to reinsure the policy to reduce their exposure.
• Large insurers often reinsure catastrophic risks with specialized reinsurance companies.
• The firm will reinsure 80% of the hurricane damage claims.
• Many insurance companies reinsure their policies to spread financial risk.
• The company chose to reinsure rather than bear the full liability themselves.
• Reinsurance companies help primary insurers reinsure their most expensive policies.