NEW YORK–State insurance regulators meeting here have told a task force to work up more details on a plan to evaluate the financial strength of foreign reinsurers.
The action came at the National Association of Insurance Commissioners opening session where the Reinsurance Task Force was told to put some meat on the skeletal proposal to reform alien collateral risk requirements by applying them on a basis that does not take into account the country of domicile.
The NAIC's Financial Committee sent a proposal for a Reinsurance Evaluation Office back to the task force with the charge of providing a more flushed-out framework as to how this new entity will judge the financial strength of all reinsurers.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
