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reinsure
Definitions
[ˌriːɪnˈʃɔː], (Verb)
Definitions:
- (of an insurer) transfer (all or part of a risk) to another insurer to provide protection against the risk of the first insurance
(e.g: the syndicates reinsure each other's exposure to catastrophic risk)
Phrases:
Origin
:
early 18th century: from re- + insure
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definition by Oxford Dictionaries