noun
- companies that provide insurance to other insurance companies to help them spread risk
Usage: business; finance
Examples
- Major reinsurers help insurance companies manage catastrophic losses.
- The hurricane caused significant claims for both insurers and reinsurers.
- Global reinsurers play a crucial role in the insurance industry.
- Many reinsurers are based in London and Bermuda.
- The company works with several reinsurers to spread its risk exposure.
- Reinsurers must carefully assess the risks they accept from primary insurers.