reinsure
ree in shoor
- v provide additional insurance for
- v insure again by transferring to another insurance company all or a part of a liability assumed
- v insure again by assuming all or a part of the liability of an insurance company already covering a risk
- Armed with that information, Ronald Verrall took steps to reinsure massive asbestos liability away from David Rowland's syndicate onto an unrelated Lloyd's syndicate.
- Also proposed: 30% cost reductions to streamline operations, and a centrally run company using set-aside reserves to reinsure policies that were underwritten before 1986.
- For weeks Wallach has been phoning executives of other insurance companies to persuade them to reinsure 40% of GEICO'S policies and pay GEICO $26 million in cash commissions in .