diff --git a/cloudpickle/cloudpickle.py b/cloudpickle/cloudpickle.py
index e5aab0591..82a5717e1 100644
--- a/cloudpickle/cloudpickle.py
+++ b/cloudpickle/cloudpickle.py
@@ -270,6 +270,8 @@ def dump(self, obj):
             if 'recursion' in e.args[0]:
                 msg = """Could not pickle object as excessively deep recursion required."""
                 raise pickle.PicklingError(msg)
+            else:
+                raise
 
     def save_memoryview(self, obj):
         self.save(obj.tobytes())
diff --git a/tests/cloudpickle_test.py b/tests/cloudpickle_test.py
index 23cbb3dbc..44bb93709 100644
--- a/tests/cloudpickle_test.py
+++ b/tests/cloudpickle_test.py
@@ -47,6 +47,15 @@
 from .testutils import assert_run_python_script
 
 
+class RaiserOnPickle(object):
+
+    def __init__(self, exc):
+        self.exc = exc
+
+    def __reduce__(self):
+        raise self.exc
+
+
 def pickle_depickle(obj, protocol=cloudpickle.DEFAULT_PROTOCOL):
     """Helper function to test whether object pickled with cloudpickle can be
     depickled with pickle
@@ -862,6 +871,12 @@ def test_function_pickle_compat_0_4_1(self):
             b'\x14NtR.')
         self.assertEquals(42, cloudpickle.loads(pickled)(42))
 
+    def test_pickle_reraise(self):
+        for exc_type in [Exception, ValueError, TypeError, RuntimeError]:
+            obj = RaiserOnPickle(exc_type("foo"))
+            with pytest.raises((exc_type, pickle.PicklingError)):
+                cloudpickle.dumps(obj)
+
 
 class Protocol2CloudPickleTest(CloudPickleTest):