Reinsurance News

Reinsurance Association of America

Berkshire Hathaway’s Nico drives $2.4bn net loss for group of U.S. reinsurers

24th May 2017

Analysis from the Reinsurance Association of America (RAA) reveals that a group 18 U.S. reinsurers fell to a net income loss of $2.4 billion in the first-quarter of 2017, driven largely by National Indemnity Company (Nico) recording a net income loss as its combined ratio surpassed 100% coupled with over $5.8 ... Read the full article

Reinsurance Association of America names Adam Kerns VP, State Relations

8th May 2017

Adam Kerns has joined the Reinsurance Association of America (RAA) as Vice President (VP), State Relations, the organisation has announced. Before joining the Association, Kerns held the position of Assistant General Counsel at the American Insurance Association (AIA), Director of Finance at Farmers Insurance Group, and Attorney, Saul Ewing LLP. Commenting on ... Read the full article

RAA names Nicole Austin SVP, Federal Affairs

26th April 2017

The Reinsurance Association of America (RAA) has announced the appointment of Nicole Austin as Senior Vice President (SVP), Federal Affairs. Austin has held a number of senior and executive positions across the insurance and reinsurance industry, including Vice President, Federal Government Relations at the Property Casualty Insurers Association of America (PCI); a policy ... Read the full article

Profits fall further for U.S. reinsurers in 2016: RAA

8th March 2017

Data and Analysis on the performance of 18 U.S. reinsurers in 2016, by the Reinsurance Association of America (RAA), reveals that profit margins declined further in the year as combined ratios surpassed or weakened closer to 100%, despite writing more business. The analysis explores the performance of a group of 18 ... Read the full article