reinsure

English Thesaurus

1. insure again by assuming all or a part of the liability of an insurance company already covering a risk (verb.communication)

hypernym	:	cover, insure, underwrite,
definition	:	protect by insurance (verb.communication)

2. insure again by transferring to another insurance company all or a part of a liability assumed (verb.communication)

hypernym	:	insure, insure,
definition	:	take out insurance for (verb.possession)

derivation	:	reinsurance,
definition	:	sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured (noun.possession)

derivation	:	reinsurance,
definition	:	sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured (noun.possession)