Reinsurance News
RAA
Reinsurance Association of America rejects ‘US Re’ proposal
19th March 2026
The Reinsurance Association of America (RAA) has rejected the Hamilton Project’s proposal for US Re, a federal reinsurance entity for homeowners insurance, arguing that it fails to address the underlying drivers of insurance costs. The proposal was outlined in a paper presented at a Brookings Institution event, authored by Benjamin ... Read the full article
Laws to succeed Nutter as President and CEO, Reinsurance Association of America
7th November 2025
The Reinsurance Association of America (RAA), a national trade association representing property and casualty reinsurers operating in the United States, has appointed Tracey Laws as its President and Chief Executive Officer (CEO), effective December 1st, 2025. Laws succeeds Frank Nutter, who will retire effective December 1st, 2025, after 34 years as ... Read the full article
RAA meets FEMA Review Council to propose reforms for national flood insurance programme
10th September 2025
In early 2025, President Trump established the FEMA Review Council to propose reforms aimed at improving the nation’s emergency management and disaster response systems. The Reinsurance Association of America (RAA), a trade association representing the US reinsurance industry, met with the Council this week to share recommendations for the National Flood ... Read the full article
Jon Colello elected Chair of Reinsurance Association of America Board
27th May 2025
Jon Colello, President of PartnerRe Ltd., has been elected Chair of the Board of Directors for the Reinsurance Association of America (RAA)—a national trade association representing property and casualty reinsurers operating in the United States—during the organisation’s 57th Annual Meeting held on April 25, 2025. Joining Colello in leadership roles are ... Read the full article
RAA urges US Senate to back smarter and resilient insurance strategies
2nd May 2025
In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded government-run insurance programs. In a formal letter submitted by RAA President Frank Nutter during the ... Read the full article
Allianz purchases general insurance business of RAA
2nd December 2024
Allianz has acquired the general insurance business of the Royal Automobile Association of South Australia Incorporated (RAA), expanding its consumer insurance presence in South Australia. The insurer’s partnership with the RAA, worth AUD$6422 million, also includes a 20-year exclusive distribution agreement for the Home and Motor insurance product lines of RAA. Within ... Read the full article
RAA and NOAA sign agreement to enhance severe weather risk assessment and communication
16th July 2024
The Reinsurance Association of America (RAA), a trade association representing property and casualty reinsurers, and the National Oceanic and Atmospheric Administration (NOAA), an US federal agency focused on the conditions of the oceans, major waterways, and the atmosphere, signed a memorandum of understanding (MOU). This agreement initiates their collaboration to assess ... Read the full article
RAA elects Everest’s Williamson as Chair and PartnerRe’s Colello as Vice Chair
30th April 2024
Jim Williamson, Executive Vice President and Group Chief Operating Officer (COO) of insurer and reinsurer Everest has been elected as the Chair of the Reinsurance Association of America (RAA). Williamson was elected Chair at the association's 56th Annual Meeting on April 25th, 2024, with Jon Colello, President of PartnerRe elected as ... Read the full article
RAA advocates for NFIP reauthorisation and private flood insurance market
26th January 2024
In advance of the Senate Committee on Banking, Housing, and Urban Affairs' hearing on the "Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions," Lee Covington, President of the Reinsurance Association of America (RAA), submitted a statement urging comprehensive reforms for the NFIP. Covington commended Chairman Sherrod ... Read the full article
Frank Nutter retires from the RAA, Lee Covington named as successor
11th September 2023
The trade association of property and casualty reinsurers, the Reinsurance Association of America (RAA), has announced that Lee Covington, current President and CEO of The Surety & Fidelity Association of America (SFAA), has been named President-elect of the RAA as long-serving Frank Nutter retires. Nutter will retire on December 31st, 2023, ... Read the full article
FEMA designates community disaster resilience zones to bolster climate resilience
8th September 2023
In a groundbreaking move this week, the Federal Emergency Management Agency (FEMA) unveiled the designation of Community Disaster Resilience Zones (CDRZ), a strategic initiative set to catalyse a transformative shift in resilience funding. These zones are aimed at addressing the long-neglected and underserved communities that face the most significant risks from ... Read the full article
RAA releases white paper addressing California homeowners insurance crisis
8th September 2023
In response to the ongoing crisis in California's homeowners insurance market, the Reinsurance Association of America (RAA) has released a comprehensive white paper offering insights and recommendations to address the challenges posed by wildfire-related risks and changing environmental conditions. Since the devastating wildfire losses experienced in 2017 and 2018, the insurance ... Read the full article
U.S. P&C reinsurers wrote $27.3 billion of net premiums during Q1 of 2023: RAA
5th June 2023
In a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA), a group of 17 U. S. property/casualty (P&C) reinsurers wrote $27.3 billion of net premiums during Q1 of 2023, up from $24.6 billion for the same period last year. The firms involved in the survey ... Read the full article
P&C reinsurers grow net premiums by 8.6% over 2022: RAA
13th March 2023
New data released by The Reinsurance Association of America (RAA) shows an 8.6% increase in net premiums written by US property and casualty (P&C) reinsurers over 2022. The data, collected by RAA from 17 reinsurers globally, also shows that the combined ratio for the group remained unchanged from the previous year ... Read the full article
RAA & APCIA commend passage of disaster resilience bill
9th December 2022
The Reinsurance Association of America (RAA) and The American Property Casualty Insurance Association (APCIA) have released statements praising the passage of the Community Disaster Resilience Zones (CDRZ) Act of 2022 by the U.S. House of Representatives. According to the RAA, the CDRZ Act, which is supported by an RAA-led coalition of ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
