What is "reinsured"

Usage examples of "reinsured".

You made a few honest trade runs under a new registry before you then reinsured it, and then you sunk it on the summit of the seamount so you could always get at the remains for spare parts needed to make phony modifications on future acquisitions to your ill-gotten fleet God, how all the buccaneers of the Spanish Main would have envied your organization, Delphi.