reinsurancen.
/ˌriːɪnˈʃʊərəns/, /ˌriːɪnˈʃʊərn̩s/, /ˌriːɪnˈʃɔːrəns/, /ˌriːɪnˈʃɔːrn̩s/, U.S. /ˌriᵻnˈʃʊrəns/ A second or renewed insurance, spec. one whereby an insurer or underwriter devolves on another insurer all or part of the risk undertaken; (also) this system of insurance.
ΘΚΠ
society > trade and finance > financial dealings > insurance > [noun] > other types of insurance
reassurance1702
reinsurance1705
fire insurance1721
marine insurance1787
credit insurance1818
self-insurance1829
guarantee fund1848
industrial assurance1850
industrial insurance1853
fidelity guarantee1880
title insurance1882
open cover1884
rain check1884
co-insurance1889
franchise1895
health insurance1901
casualty insurance1902
travel insurance1912
fidelity insurance1930
medigap1966
fidelity bond1970
1705 A. Justice Gen. Treat. Dominion of Sea vi. 357 The Præmiums of the Re-insurance may be smaller or greater than those of the Insurance.
1755 N. Magens Ess. Insurances II. 271 Every Insurer is permitted to take out a Reinsurance on any Insurance he has given.
1802 S. Marshall Treat. Insurance I. i. iv. §3. 112 The new insurers will be responsible to him in case of loss, to the amount of the re-insurance.
1867 W. H. Smyth & E. Belcher Sailor's Word-bk. 568 A reinsurance policy made on the same risk.
1885 Law Rep.: Queen's Bench Div. 15 11 Notice of abandonment need not be given to the underwriters of a policy of re-insurance.
1927 Ann. Amer. Acad. Polit. & Social Sci. 130 226/1 Re-insurance in life insurance.
1968 T. Draper Dominican Revolt 7 Kennedy's policy..sought to take out reinsurance by simultaneously supporting the old military establishment.
2006 Virginia Law Rev. 92 81 The risks are sufficiently large that private firms will be unable to maintain sufficient reserves or reinsurance to cover all possible losses.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
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n.1705