noun
- plural of reinsurance; insurance purchased by an insurance company to protect against losses from policies it has issued
Usage: business/finance
Examples
- The company purchased several reinsurances to spread their risk.
- Global reinsurances help protect local insurers from catastrophic losses.
- The firm’s reinsurances covered natural disasters and major claims.
- Reinsurances are essential for maintaining financial stability in the insurance industry.
- The broker arranged multiple reinsurances for the hurricane season.
- These reinsurances will help cover potential earthquake damages.