There is no incentive for US insurers to demand a change. The reinsurance market is globally oriented, and American insurers would lose the strength of collaterization that comes with alien reinsurers that makes respective insureds feel more comfortable especially with longer tail casualty claims. Shorter tail property claims can be handled through reinsurance brokers that deal with financially weaker reinsurers.
There is no incentive for US insurers to demand a change. The reinsurance market is globally oriented, and American insurers would lose the strength of collaterization that comes with alien reinsurers that makes respective insureds feel more comfortable especially with longer tail casualty claims. Shorter tail property claims can be handled through reinsurance brokers that deal with financially weaker reinsurers.
My Lord (get it)…..If you don\’t like the current arrangement….you can choose to conduct business elsewhere.
Isn\’t freedom wonderful !