insure again by transferring to another insurance company all or a part of a liability assumed
insure again by assuming all or a part of the liability of an insurance company already covering a risk insure again by transferring to another insurance company all or a part of a liability assumed provide additional insurance for
To insure, as life or property, in favor of one who has taken an insurance risk upon it
insure again by assuming all or a part of the liability of an insurance company already covering a risk
An insurance company that accepts all or part of the risk underwritten by another insurer Some insurance companies specialize in reinsurance whereas other insurance companies may have reinsurance as one of it's lines of coverage
A reinsurer contractually accepts a portion of the cedant's risk A professional reinsurer is a reinsurer whose principal business is reinsurance, as opposed to the reinsurance department of a primary company
An insurance company that assumes liability for some part of a policy written by another insurance company Using reinsurance helps spread out risk and limits the possible maximum loss faced by the company that wrote the original policy