reinsurance

Noun

reinsurance (countable and uncountable, plural reinsurances)

1. Insurance purchased by insurance companies that spreads the risk associated with selling insurance around so the danger of one large monetary loss is minimized. Such insurance and catastrophe bonds are backstops to insurer insolvency from unexpectedly large losses.
   • Catastrophe modeling firm AIR Worldwide (AIR) today announced that Sompo International, a global specialty provider of property and casualty insurance and reinsurance, is leveraging AIR's casualty analytics platform, Arium, to better understand and quantify its liability and loss potential across...2019 June 19, “Sompo International to Leverage AIR's Innovative Casualty Analytics Solution for Multi-Line Risk Analysis”, in CNN Money, archived from the original on 14 May 2025
   • As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a $600 million catastrophe bond...2025 December 1, Leslie Kaufman, “How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners. Investors snapped up a catastrophe bond tied to North Carolina homeowners and their insurer for...