reinsure
verb[IorT]
INSURANCE(alsore-insure)uk/ˌriːɪnˈʃɔːr/usif aninsurancecompanyreinsures, itbuysinsurancefrom othercompaniestoprotectitself againstlargedemandsfromitscustomers:
Thecompanydoesn't like to reinsurecatastropheinsurers, asnaturaldisasterslikestormsarebecomingincreasinglyunpredictable.
reinsurer
noun[C]
Manyinsurancecompaniesareholdingtalkswiththeirreinsurers overpriceincreases.