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Reinsurance   /rˌiɪnʃˈʊrəns/   Listen
Reinsurance

noun
1.
Sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured.





WordNet 3.0 © 2010 Princeton University


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"Reinsurance" Quotes from Famous Books



... German Government asked for a covenant of absolute neutrality. This I could not look at. I had the same feeling about such an agreement for unconditional neutrality as Caprivi had when he was asked to renew the Reinsurance Treaty which Bismarck made with Russia at Skiernevice in 1884, and under which, notwithstanding that Germany might come to owe a duty to Austria to support her as her military Ally, he bound Germany to observe neutrality in case Russia ...
— Before the War • Viscount Richard Burton Haldane


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