English to Somali Meaning :: reinsure

Reinsure :
- reinsure

Show English Meaning

Verb(1) provide additional insurance for(2) insure again by transferring to another insurance company all or a part of a liability assumed(3) insure again by assuming all or a part of the liability of an insurance company already covering a risk

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(1) Property insurance and business interruption insurance have been the hardest hit, but employer liability insurance is also increasing as insurers are finding it harder to reinsure certain risks.(2) The other companies are telling us they will reinsure us.(3) A reinsurer could, of course, make a special contract with an insurer and agree only to reinsure some of the risks covered by the policy of insurance, leaving the insurer to bear the full cost of the other risks.(4) An insurance company needs to reinsure its clients to minimize losses in case of incidents which result in claims.(5) the syndicates reinsure each other's exposure to catastrophic risk(6) Most insurance companies, Rosemary says, make sure that as a matter of course they reinsure their risks.(7) They only reinsures about 0.05% of its policies.(8) They wish to be reinsured by the states because of the risk for them to suffer heavy financial losses.(9) Insurers and reinsurers had never considered terrorism when pricing their premiums.(10) The reinsurers aid insurers to spread their costs.(11) Insurance companies say the principal reason for the dramatic increases is the spiralling burden of reinsurance on all the major insurers.(12) They could be in for nasty surprises because of direct exposure or the miscalculation of the quantities that they have reinsured , he said.(13) But in each case the whole of the risk was reinsured through the London market so that neither Colombian insurer retained any part of the risk themselves.(14) Subtracting the amount reinsured , this company's net exposure on insurance written is $636 billion.(15) The risks were widely reinsured across of pool of insurers.(16) Like many retail insurers, they offer a custom package direct to buyers which is reinsured through a larger firm.
English to Somali Dictionary: reinsure

Meaning and definitions of reinsure, translation in Somali language for reinsure with similar and opposite words. Also find spoken pronunciation of reinsure in Somali and in English language.

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