Share on Facebook Share on Twitter Share on Google+ Share on Linkedin The U.S. reinsurance market is very healthy. That according to Frank Nutter, President of the Reinsurance Association of America (RAA). Mr. Nutter says capital positions have been “strong and growing” thanks, in part to alternative capital vehicles. Market conditions are “very competitive” due to the amount of supply outpacing demand. Catastrophe losses continue to be a challenge, a threat, for the market. “Black Swans” such as the California wildfires affect the industry. Modeling and assessing the risk has been difficult. Such new risks are not completely understood or priced effectively. The industry looks to opportunities in areas such as cyber risk and government programs. The industry has seen opportunities in the residual market in the past, in Louisiana, Florida and California. Following on the successful acquisition of reinsurance by the National Flood Insurance Program (NFIP), there appears to be more opportunity in like programs. Mr. Nutter addresses the challenges of a new Congress and a divided government in Washington DC.