Reinsure

[,ri:in'ʃuә]

(verb.) insure again by assuming all or a part of the liability of an insurance company already covering a risk.

(verb.) insure again by transferring to another insurance company all or a part of a liability assumed.

(verb.) provide additional insurance for.

Checked by Jo--From WordNet

(v. t.) To insure again after a former insuranse has ceased; to renew insurance on.

(v. t.) To insure, as life or property, in favor of one who has taken an insurance risk upon it.

Edited by Hardy

v.t. to insure a second time by other underwriters.—ns. Reinsur′ance; Reinsur′er.

Inputed by Edgar