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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.





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"Reinsurance" Quotes from Famous Books



... their views as to certain measures of policy. There was a difference of opinion as to German policy regarding Russia. Friendship with that country had been the policy of both Emperor William I and Bismarck, and the latter had effected a reinsurance treaty with Russia, stipulating for Russian neutrality in case of a war between Germany and France, notwithstanding the subsistence of the Triple Alliance between Germany, Austria, and Italy. The reinsurance treaty, which had been made for a period of three years, ...
— William of Germany • Stanley Shaw


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