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Verb: reinsure  ,ree-in'shûr [N. Amer], ,ree-in'shor or ,ree-in'shûr [Brit]
  1. Provide additional insurance for
     
  2. Insure again by transferring to another insurance company all or a part of a liability assumed
     
  3. Insure again by assuming all or a part of the liability of an insurance company already covering a risk

Derived forms: reinsured, reinsures, reinsuring

Type of: cover, insure, underwrite

Encyclopedia: Reinsure