41 Executive Compensation, Board Structure and Reinsurance Demand in the U.S. Property Casualty Insurance Industry Chia- Ling Ho Bank Taiwan Life Insurance Feng Chia University, Tel:886-9-22120046, Chia20040825@gmail.com Gene C. Lai, Department of Finance, Insurance, and Real Estate, Washington State University, Tel: : 335-8727, 509 –335-3857 genelai@wsu.edu Piman Limpaphayom Sasin Graduate Institute of Business Administration of Chulalongkorn University, piman@sasin.edu Ravi Lonkani,* Department of Finance and Banking, Faculty of Business Administration, Chiang Mai University, Tel: 6681-9937340, Fax: 6653-892201 rlonkani@hotmail.com *This research is funded by the Fulbright Foundation under the Fulbright Thai Visiting Scholar (TVS) 2011 program, for promoting academic relations between Thai and U.S. researchers. The grant made it possible for Associate Professor Dr. Ravi Lonkani to conduct the research at Washington State University with Professor Dr. Gene Lai.