English

Definition of reinsurance noun from the Oxford Advanced Learner's Dictionary

 

reinsurance

 noun
noun
BrE BrE//ˌriːɪnˈʃʊərəns//
 
, BrE//ˌriːɪnˈʃɔːrəns//
 
; NAmE NAmE//ˌriːɪnˈʃʊrəns//
 
[uncountable] (finance)
 
jump to other results
the practice of one insurance company buying insurance from another company against any losses that result from claims that are made against it
See the Oxford Advanced American Dictionary entry: reinsurance