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Definitions of reinsure

(of an insurer) to transfer all or part of the risk of a particular insurance policy to another insurer

Guarantee Reserve will continue to sell life insurance, which will be 50% reinsured by a Universal American subsidiary.

to take out a new insurance policy on the same person, thing, or circumstance eg if the original policy is no longer valid or would not provide enough coverage

London taxi drivers must now reinsure their cars after Danish insurance company Alpha went into liquidation yesterday.