Collateralization Debate Heats Up
International Editor
The increasing importance of reinsurance recoverables is heatingup the controversy over whether U.S. reinsurers should be compelledto provide 100 percent collateralization for their exposures toceding companies, according to Standard & Poors and industryobservers.
Indeed, Maurice Greenberg, chairman and CEO of AmericanInternational Group, raised the temperature a few degrees when inApril he demanded collateral of his insurers, both alien anddomestic companies.
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