Reinsurance News
Reinsurance Association of America
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
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
Reinsurance Association of America elects chair, vice chair of board
28th April 2023
Reinsurance Association of America has elected Justin O’Keefe chair, Jim Williamson vice chair and Jon Colello secretary-treasurer of the board. O'Keefe is the Senior VP and Chief Underwriting Officer for North America and Bermuda at RenaissanceRe. He leads market engagement and deal execution for all business lines in these regions. Justin ... 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
US reinsurers underwrote $64bn in net premiums through 9M: RAA
7th December 2022
The Reinsurance Association of America (RAA) has conducted a survey of reinsurers’ statutory underwriting results, revealing that seventeen US property and casualty reinsurers underwrote $64bn of net premiums in the first nine months of 2022. In a statement, the RAA said that this represented an increase from $57.3bn over the first ... Read the full article
P&C reinsurers post 13% premium growth through H1: RAA
6th September 2022
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers through the first half of 2022. The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved marginally ... Read the full article
RAA CEO testifies on NFIP reform and reauthorisation
26th May 2022
The Reinsurance Association of America’s (RAA) president Frank Nutter testified before the US’s House Subcommittee on Housing, Community Development and Insurance in support of a long-term reauthorization and reforms related to flood insurance. Nutter was testifying on measures that seek to strengthen the program financial resiliency, develop a private flood insurance ... Read the full article
RAA appoints new chair, vice-chair, and secretary-treasurer
4th May 2022
The Reinsurance Association of America (RAA) has named Brian Young of Odyssey Group as chair following its annual general meeting at the end of last month. Young, president and CEO of Odyssey, was elected alongside Justin O’Keefe as vice chair and Jim Williamson as secretary-treasurer. O’Keefe is SVP and chief underwriting officer ... Read the full article
P&C reinsurers see profit & premium improvement: RAA
11th March 2022
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers over 2021. The data, collected by RAA from 17 reinsurers globally, shows that the combined ratio for the group improved to 99.8% last year, down ... Read the full article
Net premiums up, but combined ratio deteriorates for RAA’s cohort of reinsurers
19th November 2021
The latest data from the Reinsurance Association of America (RAA) shows that a group of 17 U.S. property / casualty reinsurers wrote $57.3 billion of net premiums during the first nine months of the year, although the group's combined ratio deteriorated slightly to 100.7%. Net premiums increased from the $49.3 billion ... Read the full article
P&C reinsurers enjoy profit and premium rise over H1: RAA
26th August 2021
New data released by The Reinsurance Association of America (RAA) shows an increase in both profitability and net premiums for US property and casualty (P&C) reinsurers over the first half of 2021. The data, collected by RAA from 17 reinsurers globally, shows a marked improvement in the combined ratio of the ... Read the full article
RAA promotes Scott Williamson to SVP
4th May 2021
The Reinsurance Association of America (RAA) has promoted Scott Williamson to Senior Vice President. Williamson is currently the Director of Analytics and is responsible for the Association’s interactive data models and analytics that quantify and communicate the impact of various state and federal regulatory and legislative proposals on the re/insurance industry. As ... Read the full article
RAA comments on new FIO report; expresses support for legislative efforts
8th October 2020
The Reinsurance Association of America (RAA) has commented on the recent release of the Federal Insurance Office’s (FIO) annual report on the insurance industry. The report includes an update on the efforts of state legislatures which are adopting the 2019 Amendments to the National Association of Insurance Commissioners (NAIC) Credit for ... Read the full article
RAA applauds new FEMA disaster mitigation program
7th August 2020
The Reinsurance Association of America (RAA) has expressed its support for the Federal Emergency Management Agency’s (FEMA) new grant program. The program aims to provide funding to states, local communities, tribes and territories for affordable, risk-reducing disaster mitigation activities to strengthen the USA’s resilience with the purpose to reduce future disaster ... Read the full article