Webster's English Dictionary

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reinsure

re.in.sure \.re--*n-'shu.(*)r\ vt 1: to insure again by transferring to 
   another insurance company all or a p art of a liability assumed 2: to 
   insure again by assuming all or a part of the liability of an insura nce 
   company already covering a risk : to provide increased insurance  - 
   re.in.sur.er n