Are You Prepared for the Financial Impact of Retained Terrorism Losses? TRIEA Retention Terrorism Reinsurance Facility

The need for a TRIEA Retention Terrorism Reinsurance Facility has never been more urgent. Though the federal government provides a backstop, the retained portion for carriers is climbing. Rating agencies, equity analysts and boards of directors have growing concerns that these increased retentions, coupled with certain uncovered lines, could have considerable impact on a carrier's financial position. In addition, TRIEA is scheduled to sunset on 12/31/07, raising further concerns about the future of terrorism coverage.