reinsure

English

Etymology

re- +‎ insure

Verb

reinsure (third-person singular simple present reinsures, present participle reinsuring, simple past and past participle reinsured)

1. (transitive) To insure again (extending or replacing prior insurance).
2. (transitive) To place insurance on the contract that insures something (allowing the insurer to offset risk in the same way the insuree did).