Reinsurance leaders have reacted with disappointment to the revelation this week that the US Senate has failed to reauthorise the Terrorism Risk Insurance Act (Tria) this year – a fact that will cause disruption and uncertainty in the re/insurance industry – thanks to the actions of a single outgoing senator.
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Tria, Evan Greenberg, North America, Reinsurance, Tom Coburn, Insurance, ACE, James Dover, Chuck Schumer