TRIA failure creating reinsurance demand: Willis Re

The failure of Congress to renew US terrorism backstop TRIA
before adjourning is generating additional demand for reinsurance
in the workers' compensation and property market.
According to Willis Re, many workers' comp insurers are in
the market for additional capacity on top of their existing
reinsurance programmes, primarily for terrorism only rather than as
an extension to their all perils cat covers.
The majority of buyers are smaller carriers and state funds, but
some are seeking la