reinsure
/ˌriːɪnˈʃʊr/
verb
- To insure again; to transfer part of an insurance risk to another insurance company.
- Many insurers reinsure their aircraft policies with a larger firm.
- The company decided to reinsure its largest policies to reduce potential losses.
- After the flood, the agency had to reinsure its properties at a higher rate.
Synonyms