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

Profit growth was driven by the group’s property-and-casualty reinsurance business, for which low natural-catastrophe losses provided a substantial tailwind, Swiss Re said.

From The Wall Street Journal

The regulatory changes gave insurers concessions, including the right to charge homeowners for reinsurance, in exchange for a pledge to write more policies in fire-prone neighborhoods.

From Los Angeles Times

A mild hurricane season in the U.S. during August and September helped reinsurance firms like Berkshire hold on to premiums.

From The Wall Street Journal

The KBW analysts wrote that a decline in property catastrophe reinsurance pricing is expected to weigh on its insurance business, while the U.S.-China trade war threatens to weigh on its rail business’s revenue.

From The Wall Street Journal

The measures include a clause preventing these ships accessing European services like reinsurance for five years after their sale to a new owner.

From The Wall Street Journal