Yep...reinsurance is a common practice in the industry Reinsurance is insurance that an insurance company purchases from another insurance company to insulate

Yep...reinsurance is a common practice in the industry Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. https://en.wikipedia.org/wiki/Reinsurance https://en.wikipedia.org/wiki/Reinsurance