Definition

A company or organization that provides insurance to other insurance companies, helping them manage risk by covering some of their potential losses.

Example

The reinsurer helped the insurance company recover from the financial impact of the natural disaster.

Conversation

Have you ever heard of a reinsurer?

Yeah, I think they help insurance companies manage their risks.

Exactly! It's like insurance for insurance companies.

That makes sense; it sounds pretty important for their stability.

Synonyms & Antonyms

Root Explanation

Reinsurer → It is formed from "re-" (meaning again) and "insurer" (from the Latin "securare", meaning to make safe). The word "reinsurer" refers to a company that provides insurance to other insurance companies, effectively making them safe again against large losses.

Memory Tip

Think of someone making an insurance company 'safe again' — 're-' means again, and 'insurer' relates to making safe.

Visually Confused Words