Reinsurance Association Of America

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 520882723 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Reinsurance Association Of America?

The Reinsurance Association of America is a nonprofit organization situated in Washington D.C., specifically at 1445 NEW YORK AVE NW 700. Its primary function is to safeguard the interests of the reinsurance industry, representing it before various regulatory bodies, commissions, and Congress. The association also serves as a resource for reinsurers by gathering and disseminating relevant information. Their mission is multifaceted, aiming to protect the interests of the industry, act as its representative, and assist reinsurers in meeting the evolving needs of primary insurers and the public by sharing information and providing a platform for discussion. They have a staff of 21 individuals dedicated to these objectives.


Official website here: www.reinsurance.org

Is Reinsurance Association Of America legitimate?

Reinsurance Association Of America is a legitimate nonprofit organization registered as a 501(c)(6) entity. Reinsurance Association Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $3,550,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,796,625

For more financial information, click here


Official website here: www.reinsurance.org

What is the mission statement of Reinsurance Association Of America?

The Reinsurance Association of America's mission is primarily geared towards assisting its members in safeguarding the interests of the reinsurance industry. It acts as a representative for the industry, engaging with relevant bodies such as Congress, federal and state regulatory bodies, commissions, and the public. Additionally, the association aims to aid reinsurers in providing coverage and services that align with the evolving needs of primary insurers and the public. This is achieved by collecting and disseminating relevant information, and by providing a platform for the discussion and consideration of these details.


Official website here: www.reinsurance.org

What is the revenue of Reinsurance Association Of America?

Reinsurance Association Of America's revenue in 2024 was $11,298,237.


Official website here: www.reinsurance.org

Who are the executives of Reinsurance Association Of America and what are their salaries?

The average compensation at Reinsurance Association Of America during 2024 was $288,484. There are 22 employees and 45 volunteers at Reinsurance Association Of America.

Here are 56 key members and their salaries:


Jim Williamson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Colello (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nic Berg (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Agosta (Director (Aug To Nov '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Bahr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Barber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Barnett (Director (From May '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
H Clay Bassett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Bernstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Boornazian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Boris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Brandt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Robert Bredahl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Buse (Director (To Nov '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Busti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Clements (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Colson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liz Cunningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George W Demenocal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Donelan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Dunleavy (Director (To Jan '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean-Paul Dyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Gardner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Goldie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simon Hedley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Keith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Kreuzer (Director (From Jan '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Mather (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin O'Keefe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Paskin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Reardon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Richardson (Director (From Mar '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Sandercox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Schiffer (Director (From Nov '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Schriber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Sigmon (Director (To Mar '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Taylor (Director (From Dec '24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexander Van Dijk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathaniel Wallman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Wixtead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus Winter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Wollmann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Lee Covington Ii (President (To Oct '24))
  • Compensation: $1,246,285
  • Related: $0
  • Other: $87,056
Franklin W Nutter (President)
  • Compensation: $272,639
  • Related: $0
  • Other: $50,615
Marsha A Cohen (Senior Vice President)
  • Compensation: $443,732
  • Related: $0
  • Other: $79,966
Nicole C Austin (Senior Vice President)
  • Compensation: $418,784
  • Related: $0
  • Other: $53,507
Karalee C Morell (Senior Vice President)
  • Compensation: $412,721
  • Related: $0
  • Other: $70,720
Joseph B Sieverling (Senior Vice President (To Apr '24))
  • Compensation: $376,166
  • Related: $0
  • Other: $32,150
Warren S Williamson (Vice President)
  • Compensation: $385,378
  • Related: $0
  • Other: $65,206
Dennis C Burke (Vice President)
  • Compensation: $287,497
  • Related: $0
  • Other: $77,446
Rahel Willis (Dir. Of Finance & Business)
  • Compensation: $233,744
  • Related: $0
  • Other: $65,307
Joseph C Shue (Vice President)
  • Compensation: $230,530
  • Related: $0
  • Other: $81,562
Paul Martin (Vice President)
  • Compensation: $192,508
  • Related: $0
  • Other: $55,089


Official website here: www.reinsurance.org

Where can I find the form 990 for Reinsurance Association Of America?

Reinsurance Association Of America's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.reinsurance.org

Learn more at the official website: www.reinsurance.org

Mission Statement of Reinsurance Association Of America

The Reinsurance Association of America serves a vital role in safeguarding the interests of the reinsurance industry. Its primary mission is to act as a representative for the industry before Congress, various regulatory and administrative bodies, commissions, and the public. Additionally, the association assists reinsurers in responding to the evolving needs of primary insurers and the public. To achieve these objectives, the Reinsurance Association of America collects and disseminates pertinent information, providing a platform for the discussion and consideration of this information. This collective effort enables reinsurers to offer coverage and services that are responsive to the ever-changing requirements of primary insurers and the public at large.

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Impact



October, 2024

The Reinsurance Association of America plays a pivotal role in the reinsurance industry by advocating for the interests of its members. It serves as a representative voice for reinsurers at federal and state legislative bodies, providing testimony that reflects the concerns and priorities of the industry. This interaction with Congress, regulatory bodies, and administrative organizations ensures that the perspective of reinsurers is considered in policymaking.

In addition to advocacy, the association focuses on collecting and disseminating vital information relevant to both property/casualty and life reinsurers, as well as primary insurers. This resource-sharing enables members to stay informed of industry trends, regulatory changes, and evolving risk factors, which is essential for adapting to the dynamic insurance landscape.

Moreover, by facilitating forums for discussion, the association promotes collaboration among members, fostering an environment where innovative solutions can be developed to address the needs of both insurers and the public. The Reinsurance Association of America thus significantly contributes to the stability and advancement of the reinsurance sector, enhancing its ability to respond effectively to emerging challenges in the insurance market.



This information is meant to be a general summary of Reinsurance Association Of America. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,298,237 (2024)
Expenses
$10,870,088 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $258,884
  • Program Service Revenue: $10,356,218
  • Gross Receipts: $12,614,249

Assets and Liabilities:

  • Total Assets: $11,772,489
  • Total Liabilities: $7,672,016
  • Net Assets: $4,100,473

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP ASSESSMENTS

Revenue

$7,762,111

CONFERENCE FEES

Revenue

$2,553,650

PUBLICATIONS

Revenue

$40,457

Organization Details

Founding Year

1969

Principal Officer

Franklin W Nutter

Website

www.reinsurance.org

NTEE Category

Code: S41 - Community improvement

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