Article
| February 17, 2011
Country Q&A: Insurance and Reinsurance in the United States
The US has a mature insurance market, with numerous multi-line and specialised insurers operating both nationally and regionally, targeting different risks through different distribution channels. Based on 2009 year-end data, there were about 1,760 US domestic property casualty insurers, with a combined policyholder surplus of US$480 billion (as at 1 January 2011, US$1 was about EUR0.7) (A.M. Best Co. 2010 Aggregates & Averages - Property/Casualty: Insurance Company Groups p. 607). Additionally, in 2009 there were about 500 US domestic life/health insurers operating in the US, with combined capital and surplus of US$277 billion (A.M. Best Co. 2010 Aggregates & Averages - Life/Health: Insurance Company Groups p. 259).
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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