> (whatever this is)? Essentially it's when insurance companies buy insurance on the policies they sell. The typical follow-up question to this [overly] simpl

> (whatever this is)? Essentially it's when insurance companies buy insurance on the policies they sell. The typical follow-up question to this [overly] simplistic explanation is "…So who insures the reinsurance deals? How many levels of insurance are there?" And the answer to that question… is best learned on The Reinsurance Podcast. :D