Lawmakers hear praise for TRIA but warn over captive insurer exploitation

A House hearing reviewed TRIA’s role and its renewal prospects. Witnesses largely supported TRIA’s continuation given terrorism tail risk. Some testimony cautioned that certain captives may be used to arbitrage federal support or sidestep pricing discipline. Lawmakers queried data transparency and the interaction of captives with reinsurance/ILS. Any reform could affect captive structures writing terrorism and property exposures. Source: Captive International #Actomate #US #Regulatory #RegulatoryChange #MarketInsight #RiskManagement