reinsurance

American  

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

noun

1. the process or business of reinsuring.

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Etymology

Origin of reinsurance

First recorded in 1745–55; re- + insurance

Example Sentences

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

The company has reported that it paid out $6.2 billion in claims last year, largely from the wildfires, with most of the costs covered through reinsurance payments.

From Los Angeles Times

The reinsurance, to be provided through the U.S.

From MarketWatch

International Development Finance Corporation, created to support the government’s overseas development investments, will be deployed for the reinsurance program, which would create a federal backstop for private insurers in the region.

From Barron's

International Development Finance Corp. said it would create a $20 billion reinsurance facility to help cover potential losses.

From The Wall Street Journal