2 definitions found
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Reinsure \Re`in*sure"\ (-sh?r"), v. t.
1. To insure again after a former insuranse has ceased; to
renew insurance on
2. To insure, as life or property, in favor of one who has
taken an insurance risk upon it
The innsurer may cause the property insured to be
reinsured by other persons. --Walsh.
From WordNet r 1.6 [wn]:
reinsure
v 1: provide additional insurance for
2: insure again by transferring to another insurance company
all or a part of a liability assumed
3: insure again by assuming all or a part of the liability of
an insurance company already covering a risk
more about reinsure
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