Southampton, Bermuda–U.S. insurance regulators must stop playing “protectionist games” with reinsurance and act in a manner consistent with doing business in a global industry, Lloyd’s Chairman Peter Levene said yesterday.

But, Lord Levene was at a loss to come up with a way to make U.S. regulators move more quickly on an issue that has been a high priority for Lloyd’s for several years–the reduction of collateral requirements for foreign reinsurers.

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