verb Download 🔗Share To insure again (extending or replacing prior insurance). Examples : "The small insurance company couldn't afford to pay for a major earthquake, so it decided to reinsure its policies with a larger, international company. " business finance insurance Chat with AIVocabulary GamePractice Reading
verb Download 🔗Share To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did). Examples : "Because the local insurance company faced significant risk insuring the new skyscraper, they decided to reinsure the policy with a larger, national firm to protect themselves from a catastrophic loss. " business finance insurance Chat with AIVocabulary GamePractice Reading