Companies should carefully consider their reinsurer: NRRA speaker

It's important to know how long a reinsurer has been in business and if they're likely to stay around because "these are very long claims we're talking about here," said Joseph Meli, Stamford-Connecticut-based senior vice president for General Re Corp. Mr. Meli added that he recently saw a claim paid with a date of loss of 1942. Mr. Meli spoke during the National Risk Retention Association's conference in Chicago on Wednesday about how to lower reinsurance costs while still maintaining adequate coverage.

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