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
Recent Examples on the Web
This increase is driven by the addition of reinsurance premium revenue and growth in revenue from STS.
—
Quartz Bot, Quartz, 14 Nov. 2024
Nationally, it's estimated that 7% to 8% of all long-term disability claims are related to mental health, according to a testimony provided by Richard Leavitt, a consulting actuary at the Smith Group, a disability reinsurance risk manager and consultant.
—Natalie Eilbert, Journal Sentinel, 2 Oct. 2024
Zoom in: Steve Bowen, chief science officer at Gallagher Re, a reinsurance company, told Axios the damage may rise to about $35 billion in total economic losses.
—Andrew Freedman, Axios, 1 Oct. 2024
Insurers buy reinsurance to protect themselves from catastrophic events that could put them out of business.
—Laurence Darmiento, Los Angeles Times, 28 Oct. 2024
See all Example Sentences for reinsurance 
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Quartz Bot, Quartz, 14 Nov. 2024
Nationally, it's estimated that 7% to 8% of all long-term disability claims are related to mental health, according to a testimony provided by Richard Leavitt, a consulting actuary at the Smith Group, a disability reinsurance risk manager and consultant.
—Natalie Eilbert, Journal Sentinel, 2 Oct. 2024
Zoom in: Steve Bowen, chief science officer at Gallagher Re, a reinsurance company, told Axios the damage may rise to about $35 billion in total economic losses.
—Andrew Freedman, Axios, 1 Oct. 2024
Insurers buy reinsurance to protect themselves from catastrophic events that could put them out of business.
—Laurence Darmiento, Los Angeles Times, 28 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 29 Nov. 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
Love words? Need even more definitions?
Merriam-Webster unabridged
Share