U.S. RE Named by Danish Financial Supervisory Authority to Assess Terrorism Risk Transfer Options
(Pearl River, N.Y., August 6, 2014) — The Danish Financial Supervisory Authority (DFS), a division of Denmark’s Ministry of Business, has named U.S. RE to assess its options for risk transfer through market-based reinsurance for NBCR–Terrorism, in keeping with that nation’s Terrorism Insurance Council Act. The designation of U.S. RE was confirmed on August 4th by the DFSA in a letter to Mr. Brian McGuire, Senior Vice President of U.S. RE, who will manage the analysis and recommendation process.
According to Mr. McGuire, the DFSA will now define the scope of the assignment with U.S. RE and work toward the identification of market options: “We are pleased that the DFSA has selected U.S. RE to provide options for the reinsuring of its exposures to Terrorism as defined under the existing regulations in Denmark. We will continue to expand our analyses and our suggested formats for the reinsuring of these difficult risks. Our thanks go to the professionals at DFSA for their confidence in our firm and our team.”
U.S. RE Companies, founded in 1988, has seven offices on four continents. U.S. RE, with 55 professionals that include some of the industry’s most experienced and well-regarded reinsurance brokers, is presently expanding its presence in other emerging markets.
For more information, please contact Brian R. McGuire at (212) 920-7100 or email [email protected].