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A governmental-private sector partnership reinsurance facility to provide a long-term replacement for the federal Terrorism Risk Insurance Act, which expires at the end of this year, has been proposed... |
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As the keynote speaker at the recent American Conference Institute symposium on Finite Risk Reinsurance, Joe Fedor, Executive Vice President of U.S. RE, declared that, "Finite Risk Reinsurance is a us... |
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TRIA was passed by Congress in 2002 to provide for a federal reinsurance backstop for upwards of three years. It initially was intended by the government to enable sufficient time for the private insu... |
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Create a U.S. Government sponsored (tax exempt) public/private entity which allows for the private sector to replace the government backstop for terrorism reinsurance coverage provided to insurance co... |
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A major study by the University of Pennsylvania's Wharton School calls for a long-term solution to the problem of terrorism risk insurance that would involve a partneship between the government and ht... |
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The U.S. property/casualty industry's net income hit a first-half record, rising 29 percent to $30.9 billion from $23.9 billion in the first six months of 2004. Insurance Services Office (ISO) reporte... |
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With this year's Monte Carlo Rendezvous occurring after Hurricane Katrina and before Rita and Wilma, reinsurers in attendance were trying to get a handle on reliable loss estimates. Most discussions c... |
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A new study revealed an ominous fault shift in the New Madrid earthquake zone, a 120-mile series of rifts along the Mississippi river. While the public spotlight focuses primarily on California as a r... |
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A new study of global weather-related losses shows that the insured share grew to 25 percent in 2004 from a negligible fraction 50 years ago. Interestingly, the report shows that 60 percent of the los... |
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State regulation of reinsurance stands in the way of current moves toward international, regulatory standards for reinsurance and the need for domestic uniformity, according to Tal P. Piccione, Chairm... |
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A coalition of 134 national and regional insurance companies and agencies, banks, and trade associations, is calling on Congress to enact legislation to authorize optional federal charters for insuran... |
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Earlier this year, the European Parliament approved a Reinsurance Directive that will require member countries to adopt uniform reinsurance regulation by the end of 2007 with a one-year transition per... |
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Editor's Note: U.S. RE Securities, LLC, The U.S. RE Group's investment banking subsidiary, is working with clients to raise capital through the flexible mechanism of Trust-Preferred Securities. Vice P... |
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Three of U.S. RE's top brokers - Paul Dzielinski, Jean-Michel Piat, and Wesley Zeliff ” have been promoted to Senior Vice President, Tal P. Piccione, Chairman and Chief Executive, announced. "We're pl... |
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Editor's Note: U.S. RE places reinsurance for Risk Retention Groups to enable them to offer higher limits, to give surplus relief, and to provide catastrophe protection. Here are some tips from one of... |
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As expected, the National Association of Insurance Commissioners recently approved new disclosure requirements for Finite Risk Reinsurance. The action was taken in response to New York Attorney Genera... |
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Atlanta, GA - Two Risk Retention Groups that provide General and Professional Liability insurance to operators of long-term care facilities in Florida and 36 other states have been granted a Financial... |
