noun 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
- reinsurance enables a client to get coverage that would be too great for any one company to assume
- Insurance a second time or again; renewed insurance.
- A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
Sharpen your Skills with the Masters
"Rowling never met an adverb she didn't like."
-Stephen King on J.K Rowling's excessive use of adverbs.
Fear not the Adverb Hell!