Century Dictionary and Cyclopedia
- n. A renewed or second insurance.
- n. A contract by which the first insurer relieves himself from the risks he had undertaken, and devolves them upon other insurers, called reinsurers. Also called reassurance.
- n. business, finance Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized.
GNU Webster's 1913
- n. Insurance a second time or again; renewed insurance.
- n. A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
- n. sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
- re- + insurance (Wiktionary)
“Indeed, I do not know that such reinsurance is not already available in private markets and just needs to be prodded a bit.”
“Shares in German reinsurance giant Munich Re rose 1.6%.”
“To ensure that reinsurance is coded accurately on all losses reserved and paid.”
“Geeslin thought one justification-rising costs of "reinsurance" - would look particularly bad if Texans knew about it.”
“Cordys Transitions Professional Services Branch to CSC Download image Latin American reinsurance operation and ...”
“Sidecars tend to focus on insuring the risks of other insurers, a market known as reinsurance.”
“Allstate Corp. and State Farm Insurance Cos. want states to set up funds to sell low-cost reinsurance, which is basically insurance for insurance companies.”
“On Jan. 1, many insurance contracts come up for renewal, including for catastrophe reinsurance, which is what insurers buy to spread the risk of losses from hurricanes and the like.”
“Something called reinsurance, which means insurance companies spreading the risk around.”
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