Reinsurance News
Reinsurance Association of America
RAA-led coalition presses US gov for business recovery fund
1st April 2020
The Reinsurance Association of America (RAA), together with a coalition representing the US business community, has sent a letter to President Trump and Congressional leaders, urging them to support the Covid-19 Business and Employee Continuity and Recovery Fund. The Recovery Fund is a solution designed to to support businesses and employees ... Read the full article
EXIM Bank to expand pilot reinsurance program
18th March 2020
The Export-Import Bank of the United States (EXIM), the official US export credit agency (ECA) and a wholly owned federal government corporation, has revealed that it intends to expand on the pilot $1 billion reinsurance program it launched in April 2018. EXIM has now begun the process of looking for a ... Read the full article
US P&C reinsurers improve underwriting performance in 2019: RAA
10th March 2020
Data from the Reinsurance Association of America (RAA) shows that a group of 17 U.S. property and casualty (P&C) reinsurers recorded an improved, albeit still negative underwriting result of approximately -$412 million in 2019. Despite remaining in negative territory, the underwriting result did improve on the $2.92 billion loss recorded a ... Read the full article
RAA commends risk transfer amendment to US budget doc
2nd March 2020
The Reinsurance Association of America (RAA) has commended an amendment to a fiscal year 2021 budget document that provides an outline of the House Financial Services Committee’s agenda. The amendment encourages Federal agencies and departments that hold credit, guarantee or insurance risk that exposes American taxpayers to potential losses, to explore ... Read the full article
NAMIC’s Paul Martin joins RAA as Vice President, State Relations
22nd October 2019
Paul Martin, previously of the National Association of Mutual Insurance Companies (NAMIC), has joined the Reinsurance Association of America (RAA) as Vice President of State Relations. Most recently, Martin served as Senior Regional Vice President, State Affairs with the NAMIC, and previously served as Lobbyist/Claim Attorney with State Farm Mutual Automobile ... Read the full article
RAA’s Joe Sieverling added to Federal Reserve advisory committee
18th October 2019
The Reinsurance Association of America's senior vice president and director of financial services Joe Sieverling has been appointed to the Federal Reserve’s Insurance Policy Advisory Committee (IPAC). The IPAC consists of 21 members and was launched in 2018 to provide information, advice and recommendations to the Board of Governors on international ... Read the full article
Terrorism Risk Act uncertainty driving reinsurance demand, says RAA President
7th October 2019
Uncertainty over the reauthorisation of the Terrorism Risk Insurance Act (TRIA) in the US is increasing the demand for terrorism reinsurance coverage, according to Frank Nutter, President of the Reinsurance Association of America (RAA). Speaking at the US Treasury's Advisory Committee on Risk-Sharing Mechanisms (ACRSM), Nutter observed that the reinsurance market ... Read the full article
Profitability returns, GWP falls for US P&C reinsurers in Q1: RAA
24th May 2019
Data released by The Reinsurance Association of America (RAA) shows a significant drop in gross written premium (GWP) for the first three months of 2019 to $19.2 billion, compared with $66.7 billion in the final quarter of 2018. The data, collected by RAA from 17 reinsurers globally, also indicates a return ... Read the full article
Welch, Reardon & Rhoads elected to RAA Board
7th May 2019
The Reinsurance Association of America (RAA) has elected John Welch, Chief Executive North America for AXA XL Reinsurance, as Chair of its Board of Directors. Hamilton Re CEO Kathleen Reardon was also elected Vice Chair of the Board, while Jed Rhoads, President and Chief Underwriting Officer at Markel Global Reinsurance, was ... Read the full article
U.S P&C reinsurers post underwriting losses after difficult 2018: RAA
11th March 2019
The Reinsurance Association of America (RAA) has released data on the performance of 17 U.S. property and casualty (P&C) reinsurers over 2018, showing that the group generated a net underwriting loss of $2.95 billion for the year. Losses were reflected in a combined ratio of 103.8% across the group, and compare ... Read the full article
Industry orgs support bill calling for greater federal use of risk transfer
30th October 2018
The Reinsurance Association of America (RAA) and the Council of Insurance Agents & Brokers (CIAB), as well as other consumer, taxpayer and think-tank organisations, have written a letter of support for a piece of U.S. legislation that if enacted would call on increased use of risk transfer for federal risk. The ... Read the full article
U.S. P&C reinsurers grow premiums in H1 2018: RAA
28th August 2018
The Reinsurance Association of America (RAA) has released data on the performance of 18 U.S. property and casualty (P&C) reinsurers during the first-half of 2018, revealing a combined net income of $5.1 billion, compared with a net loss of $286 million a year earlier. Gross premiums written (GPW) increased from $33 ... Read the full article
Premiums up but profits deteriorate for U.S. reinsurers in 2017: RAA
8th March 2018
A group of 18 U.S. property/casualty (P/C) reinsurance companies recorded a combined ratio of 108.2% in 2017, a deterioration from the 95.2% recorded in the previous year as a high level of catastrophe losses pushed up the group's loss ratio and resulted in a net underwriting loss, according to data ... Read the full article
U.S. reinsurers’ profits fall as combined ratios spike in 2017: RAA
29th November 2017
Data on the performance of a group of U.S. property and casualty (P&C) reinsurers for the first nine months of 2017 reveals deterioration of the combined ratio in light of an increased loss ratio when compared with the previous year, according to the Reinsurance Association of America (RAA). RAA's latest update ... Read the full article
U.S. reinsurers’ combined ratio edges closer to 100% in H1 2017, loss ratio rises
24th August 2017
Analysis on the performance of 18 reinsurance companies during the first-half of 2017, by the Reinsurance Association of America (RAA), highlights further deterioration of combined ratios and rising loss ratios. The group of 18 U.S.-based property/casualty reinsurers recorded a combined ratio of 97.1% in the first-half of 2017, compared with 94.8% ... Read the full article
- ← Previous
- 1
- 2
- 3
- Next →