reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s 
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
Examples of reinsurance in a Sentence
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Among its offerings are professional liability insurance, reinsurance and equine insurance.
—
John Dorfman, Forbes, 2 Dec. 2024
Best homeowners insurance in Florida In addition to the growing intensity and prevalence of hurricanes and flooding, the spike is fueled by inflation, a litigation-friendly legal system, the proliferation of roofer scams and the high cost of reinsurance.
—Kelsey Neubauer, CNBC, 29 Nov. 2024
The filing also details the company's reinsurance program, including its core catastrophe reinsurance program and quota share agreements, which are designed to manage risk and protect the company's financial stability.
—Quartz Bot, Quartz, 12 Nov. 2024
Another option, Merkel said, is a reinsurance program similar to one that operates in Alaska.
—Stephanie Armour | Kff Health News, ABC News, 25 Oct. 2024
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John Dorfman, Forbes, 2 Dec. 2024
Best homeowners insurance in Florida In addition to the growing intensity and prevalence of hurricanes and flooding, the spike is fueled by inflation, a litigation-friendly legal system, the proliferation of roofer scams and the high cost of reinsurance.
—Kelsey Neubauer, CNBC, 29 Nov. 2024
The filing also details the company's reinsurance program, including its core catastrophe reinsurance program and quota share agreements, which are designed to manage risk and protect the company's financial stability.
—Quartz Bot, Quartz, 12 Nov. 2024
Another option, Merkel said, is a reinsurance program similar to one that operates in Alaska.
—Stephanie Armour | Kff Health News, ABC News, 25 Oct. 2024
See all Example Sentences for reinsurance
Dictionary Entries Near reinsurance
Cite this Entry
“Reinsurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reinsurance. Accessed 25 Dec. 2024.
Copy CitationLegal Definition
reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-əns, -ˈin-ˌshu̇r-
: insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession sense 3
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