reinsurance

[ ree-in-shoor-uhns, -shur- ]

/ ˌri ɪnˈʃʊər əns, -ˈʃɜr- /

Save This Word!

noun

the process or business of reinsuring.

QUIZ

WILL YOU SAIL OR STUMBLE ON THESE GRAMMAR QUESTIONS?

Smoothly step over to these common grammar mistakes that trip many people up. Good luck!

Question 1 of 7

Fill in the blank: I can’t figure out _____ gave me this gift.

Origin of reinsurance

First recorded in 1745–55; re- + insurance

Enter reinsurance, the global economy’s last backstop for the costs of climate chaos.
✦ Insuring the insurers against climate change|Tim McDonnell|December 2, 2021|Quartz
Catastrophe bonds are issued by reinsurance companies as a way to hedge some of their own risk from devastating hurricanes, fires, floods and earthquakes.
Insurers are getting nervous as Hurricane Laura is set to make landfall as a powerful Category 4 storm|Jeremy Kahn|August 26, 2020|Fortune
Holidaymakers remain an important part of the local economy, but so too does the insurance and reinsurance business.
How John Lennon Rediscovered His Music in Bermuda|The Telegraph|November 3, 2013|DAILY BEAST
And it would make reinsurance—and thus, insurance—much more expensive for almost everyone.
The Part of Obama's Budget that Could Spark a Trade War|Justin Green|April 15, 2013|DAILY BEAST

To begin with, almost all insurers buy insurance of their own, reinsurance, to deal with the biggest risks they face.
The Part of Obama's Budget that Could Spark a Trade War|Justin Green|April 15, 2013|DAILY BEAST
While devastating, Sandy is not likely to cripple the insurance or reinsurance industries with massive payouts.
The Economic Losses from Superstorm Sandy Continue to Mount|Matthew Zeitlin|November 1, 2012|DAILY BEAST
Two weeks ago, Munich RE, the German reinsurance giant, released a prescient report.
How Much Will Sandy Cost? Ask the Insurers|Matthew Zeitlin|October 31, 2012|DAILY BEAST
Reinsurance contracts are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.
The Story of the Great War, Volume VIII (of VIII)|various
Reinsurance treaties are abrogated unless invasion has made it impossible for the reinsured to find another reinsurer.
World's War Events, Volume III|Various
The aggregate of these sums makes up the "reserve" or reinsurance fund.
The Galaxy, June 1877|Various
He starved himself in order to save money to speculate in shipping reinsurance.
Swirling Waters|Max Rittenberg
In this connection it was that he gave me the first hints concerning the secret reinsurance treaty with Russia.
The Kaiser's Memoirs|William II, German Emperor