'Reinsure' definitions:
Definition of 'reinsure'
From: WordNet
verb
Provide additional insurance for
verb
Insure again by transferring to another insurance company all or a part of a liability assumed
verb
Insure again by assuming all or a part of the liability of an insurance company already covering a risk
Definition of 'Reinsure'
From: GCIDE
- Reinsure \Re`in*sure"\ (-sh?r"), v. t.
- 1. To insure again after a former insurance has ceased; to renew insurance on. [1913 Webster]
- 2. To insure, as life or property, in favor of one who has taken an insurance risk upon it. [1913 Webster]
- The insurer may cause the property insured to be reinsured by other persons. --Walsh. [1913 Webster]