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Reauthorised TRIA to seek advice from ILS & alternative risk markets

Yesterday the Terrorism Risk Reauthorisation Act of 2015 (HR 26) passed the U.S. Senate, renewing the government backed terrorism insurance facility for six years. Part of the reauthorisation calls for advice to be sought from the ILS and alternative risk markets.The future of the Terrorism Risk Insurance Act had been read the full article →

‘Reinsurance, capital markets reluctant to take on terrorism risk’

So says the U.S. President’s Working Group on Financial Markets (PWG), in a recent report to Congress looking into the long-term availability and affordability of terrorism risk insurance which was published last Thursday.The PWG is mandated under the Terrorism Risk Insurance Act (TRIA) to analyse and report on the availability read the full article →