RAA commends risk transfer amendment to US budget doc

Mar 02, 2020 - Reinsurance News

The Reinsurance Association of America (RAA) has commended an amendment to a fiscal year 2021 budget document that provides an outline of the House Financial Services Committee’s agenda.

The amendment encourages Federal agencies and departments that hold credit, guarantee or insurance risk that exposes American taxpayers to potential losses, to explore and employ risk transfer to the capital and insurance markets.

It was introduced by Representative Blaine Luetkemeyer with support ...