Top Definition
reinsurance is a term to describe the practice of insurance companies re-insuring themselves against a risk so as to spread the possible effect of a large claim between more companies and therefore lessen its impact -the expression 'reinsurance shmeinsurance' was first used (by myself) to describe the lack of interest i felt when i spent a whole days training on the subject....
q: what did you think of todays training session?

a: aaaaah, reinsurance shmeinsurance!
by Matthew Lockwood August 18, 2006

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