WASHINGTON--A framework to eliminate the requirement that foreign reinsurers post collateral to support U.S. transactions has moved a step closer to approval by the nation's insurance regulators.
The proposed format, which has drawn criticism from opponents of the move, was approved by a committee of the National Association of Insurance Commissioners at its fall meeting here.
The plan was adopted by the Reinsurance "E" Task Force and was due for adoption by the full "E" Committee tomorrow. If it is adopted at the "E" Committee, it will go to the NAIC's executive committee and plenary at the NAIC's December meeting.
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.
