HomeTermsCompareFinance ReinsuranceThe definition for Reinsurance:The transferring of a portion of the liability to other insurers. Example: Insurer A insures for $200,000, A insures for $100,000 and reinsures the "second" $100,000 through B insurer, The "first" $100,000 is called "primary liability." Click to compare definitions of Reinsurance Click to view definitions beginning re |