2025-04-14T15:55:14-05:00 2024-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2024-01-01 520882723 REINSURANCE ASSOCIATION OF AMERICA REIN 2026383690 1445 NEW YORK AVE NW 700 WASHINGTON DC 20005 FRANKLIN W NUTTER PRESIDENT 2026383690 2025-04-14 1 1 J CALVIN MARKS P01226973 9197196400 2024 2025-03-06 01:10:19Z FRANKLIN W NUTTER 1445 NEW YORK AVE NW 700 WASHINGTON DC 20005 12614249 0 X WWW.REINSURANCE.ORG X 1969 DC TO ASSIST MEMBERS IN PROTECTING THE INTERESTS OF THE INDUSTRY, TO ACT AS THE INDUSTRY REPRESENTATIVE, AND TO ASSIST REINSURERS BY COLLECTING AND DISSEMINATING INFORMATION. 41 41 22 45 0 0 0 0 9684026 10356218 311618 814062 228711 127957 10224355 11298237 70500 60000 0 0 7071424 7169358 0 0 0 3722009 3640730 10863933 10870088 -639578 428149 11570717 11381241 7698472 7140209 3872245 4241032 X THE PURPOSES OF REINSURANCE ASSOCIATION OF AMERICA ARE TO ASSIST MEMBERS IN PROTECTING THE INTERESTS OF THE INDUSTRY; TO ACT AS THE INDUSTRY REPRESENTATIVE BEFORE CONGRESS, FEDERAL AND STATE REGULATORY AND ADMINISTRATIVE BODIES AND COMMISSIONS, AND THE PUBLIC; AND TO ASSIST REINSURERS IN PROVIDING COVERAGE AND SERVICE RESPONSIVE TO THE EVOLVING NEEDS OF PRIMARY INSURERS AND THE PUBLIC BY COLLECTING AND DISSEMINATING INFORMATION AND BY PROVIDING A FORUM FOR THE DISCUSSION AND CONSIDERATION OF THIS INFORMATION. 0 0 TESTIMONY - ON BEHALF OF THE MEMBERSHIP, STAFF PREPARE AND GIVE TESTIMONY TO FEDERAL AND STATE LEGISLATIVE BODIES, CONGRESSIONAL COMMITTEES AND SUBCOMMITTEES. STAFF ALSO ATTEND INDUSTRY WIDE MEETINGS AND CONFERENCES PERTAINING TO ISSUES OF CONCERN TO PROPERTY/CASUALTY AND LIFE REINSURERS AND PRIMARY INSURERS. STATISTICAL STUDIES AND EDUCATION PROGRAMS - STAFF CONDUCTS EDUCATIONAL SEMINARS PERTAINING TO REINSURANCE AND PREPARES STATISTICAL STUDIES RELATED TO REINSURANCE VOLUME AND LOSSES VERSUS EXPENSES IN POLICY HOLDER SURPLUS. THESE SEMINARS AND STUDIES ARE MADE AVAILABLE TO THE INDUSTRY AND ALL INTERESTED PARTIES. LOBBYING - OUTSIDE SERVICES ARE OBTAINED TO LOBBY ON BEHALF OF THE ASSOCIATION AND ITS MEMBERS IN AREAS SUCH AS FINANCIAL SERVICES LEGISLATION, ENVIRONMENTAL LEGISLATION AND AMICUS BRIEF FILINGS. OUTSIDE SERVICES ARE ALSO OBTAINED FOR ADVICE AND WORK PERFORMED ON ACTUARIAL SERVICES IN RELATION TO THE ASSOCIATION'S STATISTICAL STUDIES. 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 36 0 1 22 1 0 0 0 0 1 1 0 1 0 X 41 41 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X RAHEL WILLIS 2026383690 1445 NEW YORK AVE NW STE 700 WASHINGTON DC 20005 JIM WILLIAMSON CHAIRMAN 1.00 X X 0 0 0 JONATHAN COLELLO VICE CHAIRMAN 1.00 X X 0 0 0 NIC BERG SECRETARY-TREASURER 1.00 X X 0 0 0 STEVE AGOSTA DIRECTOR (AUG TO NOV '24) 1.00 X 0 0 0 DONALD BAHR DIRECTOR 1.00 X 0 0 0 TIM BARBER DIRECTOR 1.00 X 0 0 0 KIM BARNETT DIRECTOR (FROM MAY '24) 1.00 X 0 0 0 H CLAY BASSETT DIRECTOR 1.00 X 0 0 0 JOHN BENDER DIRECTOR 1.00 X 0 0 0 ANDREW BERNSTEIN DIRECTOR 1.00 X 0 0 0 BRIAN BOORNAZIAN DIRECTOR 1.00 X 0 0 0 ANDREW BORIS DIRECTOR 1.00 X 0 0 0 KEN BRANDT DIRECTOR 1.00 X 0 0 0 J ROBERT BREDAHL DIRECTOR 1.00 X 0 0 0 CHRISTOPHER BUSE DIRECTOR (TO NOV '24) 1.00 X 0 0 0 JASON BUSTI DIRECTOR 1.00 X 0 0 0 JEFFREY CLEMENTS DIRECTOR 1.00 X 0 0 0 NATHAN COLSON DIRECTOR 1.00 X 0 0 0 LIZ CUNNINGHAM DIRECTOR 1.00 X 0 0 0 GEORGE W DEMENOCAL DIRECTOR 1.00 X 0 0 0 CHRISTOPHER DONELAN DIRECTOR 1.00 X 0 0 0 CHRISTIAN DUNLEAVY DIRECTOR (TO JAN '24) 1.00 X 0 0 0 JEAN-PAUL DYER DIRECTOR 1.00 X 0 0 0 TIMOTHY GARDNER DIRECTOR 1.00 X 0 0 0 CHARLES GOLDIE DIRECTOR 1.00 X 0 0 0 SIMON HEDLEY DIRECTOR 1.00 X 0 0 0 JUSTIN KEITH DIRECTOR 1.00 X 0 0 0 SCOTT KREUZER DIRECTOR (FROM JAN '24) 1.00 X 0 0 0 RYAN MATHER DIRECTOR 1.00 X 0 0 0 JUSTIN O'KEEFE DIRECTOR 1.00 X 0 0 0 MATT PASKIN DIRECTOR 1.00 X 0 0 0 KATHLEEN REARDON DIRECTOR 1.00 X 0 0 0 GREG RICHARDSON DIRECTOR (FROM MAR '24) 1.00 X 0 0 0 PHILIP SANDERCOX DIRECTOR 1.00 X 0 0 0 GREGORY SCHIFFER DIRECTOR (FROM NOV '24) 1.00 X 0 0 0 JON SCHRIBER DIRECTOR 1.00 X 0 0 0 DAVID SIGMON DIRECTOR (TO MAR '24) 1.00 X 0 0 0 ANDREW SMITH DIRECTOR 1.00 X 0 0 0 RICHARD TAYLOR DIRECTOR (FROM DEC '24) 1.00 X 0 0 0 ALEXANDER VAN DIJK DIRECTOR 1.00 X 0 0 0 NATHANIEL WALLMAN DIRECTOR 1.00 X 0 0 0 JAMES WIXTEAD DIRECTOR 1.00 X 0 0 0 MARCUS WINTER DIRECTOR 1.00 X 0 0 0 PAUL WOLLMANN DIRECTOR 1.00 X 0 0 0 BRIAN YOUNG DIRECTOR 1.00 X 0 0 0 J LEE COVINGTON II PRESIDENT (TO OCT '24) 40.00 X 1246285 0 87056 FRANKLIN W NUTTER PRESIDENT 40.00 X 272639 0 50615 MARSHA A COHEN SENIOR VICE PRESIDENT 40.00 X 443732 0 79966 NICOLE C AUSTIN SENIOR VICE PRESIDENT 40.00 X 418784 0 53507 KARALEE C MORELL SENIOR VICE PRESIDENT 40.00 X 412721 0 70720 JOSEPH B SIEVERLING SENIOR VICE PRESIDENT (TO APR '24) 40.00 X 376166 0 32150 WARREN S WILLIAMSON VICE PRESIDENT 40.00 X 385378 0 65206 DENNIS C BURKE VICE PRESIDENT 40.00 X 287497 0 77446 RAHEL WILLIS DIR. OF FINANCE & BUSINESS 40.00 X 233744 0 65307 JOSEPH C SHUE VICE PRESIDENT 40.00 X 230530 0 81562 PAUL MARTIN VICE PRESIDENT 40.00 X 192508 0 55089 4499984 0 718624 15 0 1 0 LOEWS PORTOFINO BAY HOTEL 5601 UNIVERSAL BLVD ORLANDO FL 32819 HOTEL SERVICES 389845 WESTIN GRAND CENTRAL 212 E 42ND ST NEW YORK NY 10017 HOTEL SERVICES 324226 WILLIAMS & JENSEN PLLC 701 8TH STREET NW WASHINGTON DC 20001 OUTSIDE COUNSEL, FEDERAL REPRESENTATIVE 180463 CAPITOL COUNSEL LLC 700 13TH ST NW WASHINGTON DC 20005 OUTSIDE COUNSEL, FEDERAL REPRESENTATIVE 130000 CLIFTONLARSONALLEN LLP 950 N GLEBE RD STE 1200 ARLINGTON VA 22203 ACCOUNTING SERVICES 103952 5 MEMBERSHIP ASSESSMENTS 900099 7762111 7762111 CONFERENCE FEES 900099 2553650 2553650 PUBLICATIONS 513190 40457 40457 10356218 258884 258884 1871190 1316012 555178 555178 555178 127957 127957 127957 11298237 10356218 0 942019 60000 3550021 2796625 309727 245909 267076 16148 129849 701309 26182 462644 7946 105978 56221 664678 190850 955830 55355 41324 LIBRARY AND SUBSCRIPTIO 150951 TAXES & LICENSES 57166 MEMBERSHIP DUES 11747 POLITICAL CONTRIBUTIONS 1000 5552 10870088 272250 569263 1551327 2106753 51467 207225 94078 98221 1438398 1254742 216965 183656 3157134 3327291 6227496 4888832 11570717 11381241 496839 502547 484075 1325026 6717558 5312636 7698472 7140209 X 3872245 4241032 3872245 4241032 11570717 11381241 428149 -59362 0 X 0 1 X 1 0 1000 1000 1000 1 NYS DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE 107 WASHINGTON AVE STE 1LL ALBANY NY 12210 133041656 1000 0 0 1 6977102 1661726 -390590 1271136 1953589 -682453 1063370 915258 148112 375028 339484 35544 183656 LEASES 2675089 DEFERRED COMPENSATION 2148352 DEPOSITS 65391 4888832 LEASE LIABILITIES 3164284 DEFERRED COMPENSATION 2148352 5312636 X 11238875 -59362 -59362 11298237 0 11298237 10870088 0 10870088 0 10870088 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT THE ASSOCIATION HAS PROPERLY MAINTAINED ITS EXEMPT STATUS AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. 1 AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION 8700 WEST BRYN MAWR 1200S CHICAGO IL 60631 200487810 501(C)(6) 27500 0 EVENT SPONSORSHIP AMERICAN CONSUMER INSTITUTE CENTER FOR CITIZEN RESEARCH PO BOX 2161 RESTON VA 20195 208601897 501(C)(3) 10000 0 RESEARCH RAND CORPORATION 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 90407 951958142 501(C)(3) 10000 0 GENERAL SUPPORT THE COUNCIL OF INSURANCE AGENTS & BROKERS 701 PENNSYLVANIA AVE NW NO 750 WASHINGTON DC 20004 131952497 501(C)(6) 10000 0 EVENT SPONSORSHIP 2 2 PART I, LINE 2: THE ORGANIZATION PROVIDES GRANTS TO OTHER CHARITABLE ORGANIZATIONS FOR USE IN THE INTEREST OF THE RECIPIENT ORGANIZATION'S CHARITABLE PURPOSE. THE ORGANIZATION IS INFORMED OF THE EVENTS CONDUCTED AND STUDIES PRODUCED WITH THE FUNDS THAT HAVE BEEN GRANTED. X 1 1 X X X X 1 0 0 J LEE COVINGTON II PRESIDENT (TO OCT '24) 571285 0 225000 0 450000 0 49989 0 37067 0 1333341 0 0 0 MARSHA A COHEN SENIOR VICE PRESIDENT 356951 0 70000 0 16781 0 50600 0 29366 0 523698 0 0 0 KARALEE C MORELL SENIOR VICE PRESIDENT 342721 0 70000 0 0 0 50137 0 20583 0 483441 0 0 0 NICOLE C AUSTIN SENIOR VICE PRESIDENT 377519 0 40000 0 1265 0 50600 0 2907 0 472291 0 0 0 WARREN S WILLIAMSON VICE PRESIDENT 314322 0 70000 0 1056 0 47364 0 17842 0 450584 0 0 0 JOSEPH B SIEVERLING SENIOR VICE PRESIDENT (TO APR '24) 181078 0 0 0 195088 0 18530 0 13620 0 408316 0 0 0 DENNIS C BURKE VICE PRESIDENT 255338 0 25000 0 7159 0 42098 0 35348 0 364943 0 0 0 FRANKLIN W NUTTER PRESIDENT 272639 0 0 0 0 0 36673 0 13942 0 323254 0 0 0 JOSEPH C SHUE VICE PRESIDENT 189581 0 40000 0 949 0 34426 0 47136 0 312092 0 0 0 RAHEL WILLIS DIR. OF FINANCE & BUSINESS 193121 0 40000 0 623 0 34551 0 30756 0 299051 0 0 0 PAUL MARTIN VICE PRESIDENT 192508 0 0 0 0 0 30135 0 24954 0 247597 0 0 0 PART I, LINE 1A THE PRESIDENT RECEIVES TAX GROSS-UP PAYMENTS TO OFFSET THE TAX LIABILITY ON SUPPLEMENTAL COMPENSATION CONTRIBUTIONS. THESE AMOUNTS ARE TREATED AS TAXABLE. PART I, LINE 4A J. LEE COVINGTON SEVERANCE $450,000 JOSEPH B. SIEVERLING SEVERANCE $192,994 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THREE TYPES OF MEMBERSHIP: UNDERWRITING MEMBERS, AFFILIATE BROKER MEMBERS, AND LIFE RE AFFILIATES. EACH UNDERWRITING MEMBER'S VOTING RIGHT IS A FUNCTION OF THAT MEMBER'S DUES, WHICH IS BASED ON REINSURANCE PREMIUMS WRITTEN IN THE US. FORM 990, PART VI, SECTION B, LINE 11B AFTER FORM 990 IS PREPARED BY INTERNAL ACCOUNTING STAFF AND AN OUTSIDE CPA FIRM, IT IS REVIEWED BY RAA MANAGEMENT (FINANCIAL OFFICER AND PRESIDENT) FOR ACCURACY AND COMPLETENESS. FORM 990 IS THEN FORWARDED TO THE SECRETARY/TREASURER OF THE RAA BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY FOR THE STAFF IS COVERED UNDER 2.9 OF THE EMPLOYEE MANUAL (PAGES 12 & 13) AND IS RATIFIED EVERY YEAR. RAA ADDED A CONFLICT OF INTEREST POLICY FOR OFFICERS IN 2008. EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION PROCESS FOR DETERMINING THE PRESIDENT/CEO'S COMPENSATION IS AS FOLLOWS: THE RAA ADMINISTRATION COMMITTEE WILL ANNUALLY REVIEW THE PRESIDENT/CEO'S COMPENSATION. BASE SALARY WILL BE REASONABLY COMPETITIVE WITH BASE SALARIES PAID TO THE CHIEF EXECUTIVE OFFICER OF OTHER NATIONAL TRADE ASSOCIATIONS OF COMPARABLE STATURE AND COMPLEXITY ("PEER ASSOCIATIONS"). RAA WILL ALSO USE FORM 990 OF OTHER ORGANIZATIONS OF SIMILAR SIZE, A COMPENSATION SURVEY, AND INSURANCE INDUSTRY COMPENSATION PERIODICALLY TO DETERMINE THE PRESIDENT/CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. REINSURANCE ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE 1445 NEW YORK AVE NW NO 700 WASHINGTON DC 20005 POLITICAL ACTIVITY DC 527(F) RAA 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0