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)
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) |
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