Connecticut's top insurance regulator says the United States needs to “stop apologizing” for its regulatory regime, stating that it has worked “remarkably well” through troubled times.
Connecticut Insurance Commissioner Thomas Leonardi joined Thomas Sullivan, PricewaterhouseCooper's (PwC) financial-services regulatory-practice principal, and Henry Jupe, PwC insurance-practice manager, in an hour-long PwC webinar titled “Solvency II and the Impact of Equivalence in the U.S.”
Leonardi called Solvency II “a wonderful an
d much-needed effort to modernize, admittedly, an outmoded European regulatory regime.”
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