reinsure

To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company.

To insure again: insure a second time and take the risks, so as to relieve another or other insurers. Also reassure.

To insure again after a former insuranse has ceased; to renew insurance on.

To insure, as life or property, in favor of one who has taken an insurance risk upon it.

To insure again (extending or replacing prior insurance.).