To be fair it could happen in some circumstances but I don’t think it’s normal, there is just no business case, reinsuring works by the insurance company paying a part of the premiums to the reinsurer to insure X amount from the portfolio, reinsurer would have to do the same, you run out of money quite soon.

I don’t know that much though, I am new to the company and I am in IT, so it’s not my domain to know exactly how it works.