Lloyd's Director: Collateral Rule A "Red Herring"
NU Online News Service, June 25, 12:43 p.m. EDT?Objections raised by U.S. regulators to a reduction in collateral requirements for approved non-U.S. reinsurers were labeled a "red herring," today by the director of Lloyd's worldwide markets.
Julian T. James made his comments at a meeting with National Underwriter editorial staff following the National Association of Insurance Commissioners session which concluded yesterday.
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