The Illinois House of Representatives has passed a new bill, HB 5534, entitled the Insurance Business Transfer Act (the “IL IBT Act”), to address the current significant limitations that are in place concerning the sale and transfer of blocks of insurance.
Bryan Boccelli
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NAIC Assessing Private Equity Involvement in Insurance Industry
By Bryan Boccelli on
Posted in Uncategorized
The National Association of Insurance Commissioners’ (“NAIC”) Macroprudential Working Group (“MWG”) is reviewing the influence that private equity firms have over the insurance industry. The MWG has recently approved a list of “regulatory considerations” that the MWG will be reviewing and considering. The list can be found here, and the MWG’s comments can be found here.…