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Insurance vocabulary · Reinsurance

Reinsurer

Meaning in insurance, with examples

/ˌriːɪnˈʃʊrər/nounCommon term

In insurance, reinsurer means: A company that insures insurance companies, accepting part of their risks in return for part of the premium.

In Turkish: reasürör, reasürans şirketi

How it is used

The global market is led by large groups based in Europe, Bermuda and the US. Reinsurers accept, decline or lead a share of a programme, and their financial strength rating matters to the insurers that buy from them.

Example sentences

  1. Three European reinsurers share the earthquake programme.

  2. The lead reinsurer agreed to the new terms, and the others followed.

Common collocations

  • lead reinsurer
  • global reinsurer
  • reinsurer's share
  • reinsurer rating
  • reinsuranceInsurance bought by insurance companies to pass part of their risks to another company, so that very large or numerous losses do not threaten them.
  • ceding companyAn insurance company that passes, or cedes, part of its risks to a reinsurer. It is also called the cedant.
  • treaty reinsuranceA reinsurance agreement that automatically covers a whole group of an insurer's policies, such as all its property business, for a set period.
  • retentionThe part of a risk or loss that an insurer keeps for its own account instead of passing it to reinsurers.

More terms: Reinsurance

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This page explains English vocabulary for learners. It is not financial advice.