Captives

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Regulation of the surplus lines industry will be modernized and substantively streamlined under a provision of financial services reform legislation approved by House-Senate conferees.

Before Congress and the administration turned their attention to health insurance reform, it was possible to believe insurers could escape rate regulation if they had the option of choosing federal insurance regulation over state regulation.

XL Re Ltd. is the first reinsurance company from Bermuda to operate in Florida without having to put up 100 percent collateral.

Before making technology investments for Solvency II compliance, insurers need to understand their risk management profile and determine what is needed to fulfill the requirements, according to an analyst with the consulting firm Celent.

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.