reinsurern.
/ˌriːɪnˈʃʊərə/, /ˌriːɪnˈʃɔːrə/, U.S. /ˌriᵻnˈʃʊrər/ A person who reinsures; an insurer who takes on all or part of the risk of an existing insurance.
ΘΚΠ
society > trade and finance > financial dealings > insurance > [noun] > one who insures (himself) > again
reinsurer1755
1755 N. Magens Ess. Insurances II. 271 Yet shall he..truly make known to his Reinsurer all Advices which he..has received concerning the insured Ship.
1802 S. Marshall Treat. Insurance I. 113 There is no privity of contract between the original insured and the re-insurers.
1842 W. W. Story Rep. Circuit Court U.S.: 1st Circuit 1 459 A compromise was made of all the matters in dispute, except the liability of the defendants, as reinsurers, to indemnify the plaintiffs for the expenses incurred by them.
1892 Law Rep.: Weekly Notes 12 Mar. 44/1 Payment by the reinsurers to the reinsured.
1947 Far Eastern Surv. 16 188/1 Reinsurance agreements which created a greater degree of stability in both foreign and Chinese business as well as providing a greater spread of risk to the foreign reinsurer.
2001 Times 22 Oct. 21/1 Insurance companies are said to be keen for a UK or European venture to succeed, as existing reinsurers, distressed by huge exposure to the terrorism, cut the amount of business they are willing to underwrite.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
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n.1755