TRIA at a Crossroads: The Terrorism Insurance Market

Presenters: Andrew Mais, Peter Bransden, CPCU, ACII, Louis Nunez, CPCU, AU, AAI, ARM, AIM

July 21, at 2 p.m. ET

The Terrorism Risk Insurance Act (TRIA) has long served as a critical safety net for U.S. property-casualty insurers, and its future hinges on congressional action. This webinar brings together two leading voices to break down what TRIA means for your book of business and where the legislation stands today. Andrew Mais, former Connecticut Insurance Commissioner and NAIC President, will walk through the NAIC's current efforts to renew and preserve this vital public-private partnership. Peter Bransden, Head of Crisis Management at Willis Towers Watson, will then map out the broader crisis risk insurance landscape, drawing on WTW's Global Terrorism Index to highlight where capacity exists, who the key players are, and how markets outside the U.S. have approached this exposure in vastly different ways. If you write commercial lines, work in risk management, or advise clients on complex exposures, this is a conversation you cannot afford to miss. 

Key Takeaways: 

  • Understand where TRIA stands in the legislative process and what its renewal or lapse would mean for your clients and your organization. 
  • Identify the private market capacity that exists beyond TRIA and how to evaluate coverage options for risks that fall outside the federal backstop. 
  • Recognize how global crisis risk markets differ by region so you can better advise clients with international exposures or cross-border operations. 

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Andrew Mais

Senior Advisor

Deloitte & Touche, LLP
 

Andrew N. Mais, former Connecticut Insurance Commissioner and NAIC President, has rejoined Deloitte as a senior advisor on insurance. Mais provides risk and regulatory strategy and advisory services to insurance industry stakeholders, having previously led a state department with regulatory oversight over one of the largest insurance markets in the nation. 

As NAIC President, Mais established and led the association's 2024 initiative "Mind the Gap," a national strategy focused on regulation, innovation and education to bridge protection gaps for consumers and ensure a stable insurance marketplace. Under his presidency, the NAIC created the first-ever National Climate Resilience Strategy for Insurance. Also in 2024, Mais established a Severe Weather Mitigation and Resiliency Advisory Council in Connecticut to help homeowners and businesses maintain more resilient properties. 

Internationally, Mais served as vice chair of the Executive Committee of the International Association of Insurance Supervisors (IAIS) and on the organization's Insurance Capital Standards Task Force. He led U.S. negotiations in 2024 to secure agreement on the U.S. Aggregation Method as a basis for comparability for the global Insurance Capital Standards, protecting U.S. consumers and industry. 

Peter Bransden, CPCU, ACII

Head of Crisis Management, North America

Willis Towers Watson
 

Peter Bransden heads Willis's Crisis Management division in North America, overseeing risk transfer strategies related to terrorism and political violence exposures. With a 15-year career as an underwriter, risk manager and broker, he leads the largest such team in the United States. His clients include some of the country's largest real estate owners, healthcare institutions, public entities and utilities. 

Prior to joining WTW, Bransden worked in the insurance division of a global rideshare platform and in an investment banking role at a major Wall Street institution. 

Bransden holds the Chartered Property Casualty Underwriter (CPCU) designation and the Associate of the Chartered Insurance Institute (ACII) designation. He holds degrees from the University of Oxford and the Yale School of Management.  

 

Louis Nunez, CPCU, AU, AAI, ARM, AIM

Retired

Previously an International Casualty Technical Underwriter for Zurich North America
 

Louis E. Nunez, CPCU, ARM, AU, AAI, AAM and AIM, is a graduate of the College of Insurance (now St. John's University) and holds B.A. and M.B.A. degrees. Nunez is a past president of the New York Chapter of the CPCU Society and a past chair of the Excess, Surplus and Specialty Interest Group Committee. He is retired after 48 years in the industry.