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re-insurer

 

Definitions from the Web

Re-insurer

Definition:

A re-insurer is an insurance company that agrees to take on a portion of the risk and coverage of another insurer. They provide insurance to primary insurers, spreading the risk and reducing their exposure.

Sample sentences:

  • The primary insurer transferred a significant portion of its liability to a re-insurer.
  • The re-insurer helped the company manage its risk by providing additional coverage.
  • Having a re-insurer mitigates the financial impact of unexpected claims.

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