2023-08-11T08:26:11-05:00 2022-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-01-01 520882723 REINSURANCE ASSOCIATION OF AMERICA REIN 2026383690 1445 NEW YORK AVE NW 700 WASHINGTON DC 20005 FRANKLIN W NUTTER PRESIDENT 2026383690 2023-08-10 1 FRANKLIN NUTTER 999009999 0 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANKLIN W NUTTER 1445 NEW YORK AVE NW 700 WASHINGTON DC 20005 11132457 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. 33 33 21 38 0 0 0 0 8124765 9231779 381494 242905 30675 80106 8536934 9554790 0 81176 0 0 6305701 5653579 0 0 0 2390998 3235979 8696699 8970734 -159765 584056 8490929 11772489 4035333 7672016 4455596 4100473 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 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 21 1 0 0 0 0 1 1 0 1 0 X 33 33 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 BRIAN YOUNG CHAIRMAN 1.00 X X 0 0 0 JUSTIN O'KEEFE VICE CHAIRMAN 1.00 X X 0 0 0 JIM WILLIAMSON SECRETARY-TREASURER 1.00 X X 0 0 0 MICHAEL BECK DIRECTOR 1.00 X 0 0 0 JOHN BENDER DIRECTOR 1.00 X 0 0 0 NIC BERG DIRECTOR (FROM DEC '22) 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 (FROM DEC '22) 1.00 X 0 0 0 KEN BRANDT DIRECTOR 1.00 X 0 0 0 JASON BUSTI DIRECTOR 1.00 X 0 0 0 JEFFREY CLEMENTS DIRECTOR 1.00 X 0 0 0 JONATHAN COLELLO DIRECTOR 1.00 X 0 0 0 NATHAN COLSON DIRECTOR 1.00 X 0 0 0 TIM COURTIS DIRECTOR 1.00 X 0 0 0 LIZ CUNNINGHAM DIRECTOR 1.00 X 0 0 0 CHRISTOPHER DONELAN DIRECTOR 1.00 X 0 0 0 CHRISTIAN DUNLEAVY DIRECTOR 1.00 X 0 0 0 JEAN-PAUL DYER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HAYWARD DIRECTOR (TO DEC '22) 1.00 X 0 0 0 JAMES HOLE DIRECTOR 1.00 X 0 0 0 JOHN JENKINS DIRECTOR (TO APR '22) 1.00 X 0 0 0 JANET KATZ DIRECTOR (TO APR '22) 1.00 X 0 0 0 JUSTIN KEITH DIRECTOR 1.00 X 0 0 0 MIKA KREFTA DIRECTOR 1.00 X 0 0 0 DAN MALLOY DIRECTOR (TO APR '22) 1.00 X 0 0 0 RYAN MATHER DIRECTOR 1.00 X 0 0 0 MATT PASKIN DIRECTOR (FROM DEC '22) 1.00 X 0 0 0 JOHN RATHBERGER DIRECTOR 1.00 X 0 0 0 KATHLEEN REARDON DIRECTOR 1.00 X 0 0 0 JED RHOADS DIRECTOR (TO DEC '22) 1.00 X 0 0 0 DICK SANFORD DIRECTOR 1.00 X 0 0 0 FREDDIE SCARRATT DIRECTOR 1.00 X 0 0 0 KEN VIVIAN DIRECTOR 1.00 X 0 0 0 JOHN P WELCH 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 FRANKLIN W NUTTER PRESIDENT 40.00 X 1153559 0 73477 JOSEPH B SIEVERLING SENIOR VICE PRESIDENT 40.00 X 511691 0 83512 MARSHA A COHEN SENIOR VICE PRESIDENT 40.00 X 419665 0 81261 NICOLE C AUSTIN SENIOR VICE PRESIDENT 40.00 X 396580 0 51155 KARALEE C MORELL SENIOR VICE PRESIDENT 40.00 X 374264 0 63574 WARREN S WILLIAMSON VICE PRESIDENT 40.00 X 367294 0 64730 DENNIS C BURKE VICE PRESIDENT 40.00 X 279032 0 73194 PAUL MARTIN VICE PRESIDENT 40.00 X 226040 0 58215 JOSEPH C SHUE VICE PRESIDENT 40.00 X 220506 0 77752 RAHEL WILLIS DIR. OF FINANCE & BUSINESS 40.00 X 179212 0 54336 4127843 0 681206 15 0 1 0 LOEWS PORTOFINO BAY HOTEL 5601 UNIVERSAL BLVD ORLANDO FL 32819 HOTEL SERVICES 268987 WESTIN GRAND CENTRAL 212 E 42ND ST NEW YORK NY 10017 HOTEL SERVICES 246514 WILLIAMS & JENSEN PLLC 701 8TH STREET NW WASHINGTON DC 20001 OUTSIDE COUNSEL, FEDERAL REPRESENTATIVE 180341 CAPITOL COUNSEL LLC 700 13TH STREET NW WASHINGTON DC 20005 OUTSIDE COUNSEL, FEDERAL REPRESENTATIVE 120000 SEA ISLAND COMPANY 100 CLOISTER DR SEA ISLAND GA 31563 HOTEL SERVICES 111785 5 MEMBERSHIP ASSESSMENTS 900099 7365788 7365788 CONFERENCE FEES 900099 1820622 1820622 PUBLICATIONS 513190 45369 45369 9231779 280761 280761 1539811 1577667 -37856 -37856 -37856 80106 80106 80106 9554790 7411157 0 2143633 71000 10176 3208738 1644825 300134 258124 241758 13751 107638 716724 72480 378329 9887 38799 72685 671145 143601 705135 258 54158 38149 LIBRARY AND SUBSCRIPTIO 142804 TAXES & LICENSES 50635 MEMBERSHIP DUES 13047 POLITICAL CONTRIBUTIONS 4000 2754 8970734 208652 244167 2995484 3123931 244 24615 91459 74141 1401064 1154016 279384 247048 1979857 1764742 2935849 6293845 8490929 11772489 247241 302340 272510 519633 3515582 6850043 4035333 7672016 X 4455596 4100473 4455596 4100473 8490929 11772489 584056 -939179 0 X 0 1 X 1 0 4000 4000 4000 1 LAWRENCE MCCLURE CAMPAIGN 2055 NW DIAMON CREEK WAY JENSEN BEACH FL 34957 822348109 1000 0 NYS DEMOCRATIC ASSEMBLY CAMPAIGN COMMITTEE 107 WASHINGTON AVE STE 1LL ALBANY NY 12210 133041656 1000 0 VICKI L SCHMIDT FOR INSURANCE COMMISSIONER 5906 SW 43RD CT TOPEKA KS 66610 824355218 1000 0 FRIENDS OF KEVIN CAHILL ONE COMMERCE PLAZA STE 1900 ALBANY NY 12260 900017823 500 0 FRIENDS OF SENATOR BRESLIN PO BOX 2171 ALBANY NY 12220 161518968 500 0 0 1 6974531 1678010 -19443 1658567 2162105 -503538 PART I-A, LINE 1: LOBBY STATE, FEDERAL, AND INTERNATIONAL LEGISLATIVE, REGULATORY, AND RULEMAKING BODIES ON BEHALF OF THE MEMBERSHIP. RAA ALSO PROVIDES INDIRECT SUPPORT TO ITS RELATED POLITICAL ACTION COMMITTEE, REPAC. 1063370 846898 216472 337694 307118 30576 247048 LEASES 3827813 DEFERRED COMPENSATION 2398832 DEPOSITS 67200 6293845 LEASE LIABILITIES 4451211 DEFERRED COMPENSATION 2398832 6850043 X 8615611 -939179 -939179 9554790 0 9554790 8970734 0 8970734 0 8970734 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, 2022. 1 EUROPE 0 0 PROGRAM SERVICES GRANTMAKING 10176 0 0 0 0 0 0 10176 0 10176 EUROPE EVENT SPONSORSHIP 10176 WIRE TRANSFER 0 0 1 0 0 0 0 0 0 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. PART III ACCOUNTING METHOD: 1 AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION 8700 WEST BRYN MAWR 1200S CHICAGO IL 60631 200487810 501(C)(6) 15000 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 R STREET INSTITUTE 1212 NEW YORK AVE NW NO 900 WASHINGTON DC 20005 263477125 501(C)(3) 7500 0 GENERAL SUPPORT 3 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 0 0 0 FRANKLIN W NUTTER PRESIDENT 747782 0 380000 0 25777 0 40500 0 32977 0 1227036 0 0 0 JOSEPH B SIEVERLING SENIOR VICE PRESIDENT 426034 0 80000 0 5657 0 44733 0 38779 0 595203 0 0 0 MARSHA A COHEN SENIOR VICE PRESIDENT 335733 0 70000 0 13932 0 44733 0 36528 0 500926 0 0 0 NICOLE C AUSTIN SENIOR VICE PRESIDENT 355880 0 40000 0 700 0 44733 0 6422 0 447735 0 0 0 KARALEE C MORELL SENIOR VICE PRESIDENT 323312 0 50000 0 952 0 44733 0 18841 0 437838 0 0 0 WARREN S WILLIAMSON VICE PRESIDENT 296289 0 70000 0 1005 0 44732 0 19998 0 432024 0 0 0 DENNIS C BURKE VICE PRESIDENT 240949 0 35000 0 3083 0 41057 0 32137 0 352226 0 0 0 JOSEPH C SHUE VICE PRESIDENT 179722 0 40000 0 784 0 32727 0 45025 0 298258 0 0 0 PAUL MARTIN VICE PRESIDENT 195169 0 30000 0 871 0 33729 0 24486 0 284255 0 0 0 RAHEL WILLIS DIR. OF FINANCE & BUSINESS 148940 0 30000 0 272 0 26681 0 27655 0 233548 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. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0