reinsurance

American  

[ree-in-shoor-uhns, -shur-] / ˌri ɪnˈʃʊər əns, -ˈʃɜr- /

noun

1. the process or business of reinsuring.

---

Etymology

Origin of reinsurance

First recorded in 1745–55; re- + insurance

Example Sentences

A U.S. reinsurance plan for the Strait of Hormuz expanded with new firms, doubling total coverage for shippers to $40 billion.

From Barron's • Apr. 3, 2026

Those might include establishing a federal reinsurance program that shares natural disaster risks with insurers, or covering the risk itself similarly to how the National Flood Insurance Program works.

From Los Angeles Times • Apr. 3, 2026

The DFC pivoted to proposing using the $20 billion as reinsurance, or coverage insurers can buy to offset certain risks.

From The Wall Street Journal • Mar. 11, 2026

The US International Development Finance Corporation also said Friday it is creating a reinsurance mechanism of up to $20 billion to cover risk associated with travel through the Strait of Hormuz.

From Barron's • Mar. 8, 2026

Each year, Kim said, North Korea would do its best to shuffle its offerings among the major reinsurance players.

From "Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West" by Blaine Harden