TRIA News
Four Airlines Win Terror Insurance Extension
U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the ...
Fast Money Hedge Funds Won’t Keep Pension Funds Out of Terror Market, Says ILS Manager
To understand why the insurance-linked securities market will offer greater amounts of terror risk coverage in the years ahead, you have to understand the difference between two groups of ILS ...
TRIA Changes Debated: Congressional Hearing Highlights
Representatives of the property/casualty insurance industry all testified in favor of extending the Terrorism Risk Insurance Act during a House Financial Services committee hearing last week, but ...
We Can Write Terror Risk: Part II
The leader of a firm thought to be the world's largest investment manager of catastrophe bonds told federal lawmakers last week that the insurance-linked securities market is poised to provide ...
We Can Write Terror Risk, Industry Execs Say
At least two property/casualty insurance and reinsurance industry executives highlighted the industry's capacity to write terrorism coverage during recent earnings calls, with the most forceful ...
Does, Should, Will TRIA Cover Cyber Terrorism?
The insurance industry will count on the Terrorism Risk Insurance Act (TRIA) if there is a terrorist strike on the United States, but will the program respond if the act of terrorism is a cyber ...
P/C Insurers Facing A.M. Best Rating Action If TRIA Not Renewed
Thirty-four property/casualty insurers can add the threat of a negative rating outlook to the list of problems facing their companies at year-end 2013 if the government backstop for terror insurance ...
Ironshore Offering $300M Capacity for Global Terror Cover
Ironshore Inc. announced Monday that $300 million of capacity is now available through its global terrorism and sabotage program underwritten by Ironshore's Lloyd's Pembroke Syndicate 4000. ...