tria

Feds Are Eyeing Captives Tapping Terrorism Backstop, Again Members Public

The U.S. government is continuing to question the use of captives to tap the taxpayer-backed program.

Chris Westfall
insurance

All Terrorism Insurance Alternatives Have Challenges: GAO Members Public

Any alternative funding structure to the Terrorism Risk Insurance Act (TRIA) would create a significant challenge for insurance, reinsurance and government leaders in finding an acceptable alternative, according to a report released last week by the U.S. Government Accountability Office (GAO). Specifically, the GAO said that the two leading

Chris Westfall
insurance

Insurers, Reinsurers Differ on Government Terrorism Timing Members Public

The U.S. government should make a determination whether a loss event is an “act of terrorism” in either days or months, depending which sector of the insurance and reinsurance industry you ask. In comment letters collected to the U.S. Department of Treasury’s Federal Insurance Office (FIO) in

Chris Westfall
insurance

Models Make Terrorism Risk Advances Primed for ILS, But Questions Remain Members Public

Following Congressional failure to renew the U.S. terrorism insurance backstop, industry professionals agree that terrorism exposures can modeled and may even be an attractive risk for securitization if traditional insurance and reinsurance players pull back from the market. But with an almost infinite possible maximum loss — and a limited

Chris Westfall
catastrophe bonds