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 partnership is being formed by Tokio Marine with National Indemnity, the big reinsurance company owned by Berkshire.

From Barron's

The partnership involves National Indemnity, Berkshire’s reinsurance unit, buying treasury shares and collaborating on reinsurance.

From The Wall Street Journal

Munich Re, a global titan that does both insurance and reinsurance, provides coverage for companies that design AI models as well as those that use the technology.

From Barron's

Selling reinsurance helps get around the lack of U.S. insurers underwriting such risks directly.

From The Wall Street Journal

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