U.S. Treasury Report: Global Reinsurance Plays Critical Role in Supporting Insurance in the U.S.

Overview

The U.S. Department of the Treasury’s Federal Insurance Office (FIO) report is on the “Breadth and Scope of the Global Reinsurance Market and the Critical Role Such Market Plays in Supporting Insurance in the United States. The report emphasizes that global reinsurers are vital to U.S. insurers and thus important for the general economic prosperity of the United States, including through enhanced availability and affordability of insurance. The important role of global reinsurers may be most apparent following natural disasters and other catastrophes,according to the report.

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