1. an insurance company that provides insurance to other insurance companies to help them spread risk
Usage: insurance industry

Examples

• The insurance company purchased coverage from a reinsurer to protect against catastrophic losses.
• Major reinsurers help smaller insurance companies manage their exposure to large claims.
• After the hurricane, the primary insurer filed claims with its reinsurer.
• The reinsurer agreed to cover 80% of any claims exceeding $10 million.
• Global reinsurers play a crucial role in stabilizing the insurance market.
• The company decided to become a reinsurer specializing in natural disaster coverage.