“+ verb
Etymology: re- + insure
transitive verb
1. : to insure again by transferring to another insurance company the liability in whole or in part assumed by the direct-writing company : transfer (the whole or part of a risk) to another company
2. : to insure again by assuming the liability in whole or in part of an insurance company which is already covering the risk : assume (the whole or part of a risk) in reinsurance
intransitive verb
: to provide increased insurance
tried to reinsure against invasion by making concessions to the enemy
reinsure by hanging on to regions important … for supply or defense — Economist