English definition of Reinsurance

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Definition of reinsurance

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Reinsurance (n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.

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Reinsurance :: Reinsurance (n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.

Reassurance :: Reassurance (n.) Same as Reinsurance.

Reinsurer :: Reinsurer (n.) One who gives reinsurance.

Reinsurance :: Reinsurance (n.) Insurance a second time or again; renewed insurance.