Brazil’s Superintendencia de Seguros Privados (SUSEP) recently released Circular No. 392 confirming the requirements for purchase of foreign insurance and which lines of insurance may be purchased in foreign currency. 

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Read More Brazil’s SUSEP Confirms Requirements for Purchasing Foreign Insurance, Permitted Lines for Purchase in Foreign Currency

Following up on our previous blog on Lord Glennie’s controversial decision in the Scottish Lion solvent scheme of arrangement we can now report that last week the scheme was formally dismissed. …
Read More UK: Scottish Court Formally Dismisses Proposed Scheme of Arrangement

Congressman Rafi Souki, President of the Subcomission on Financial, Banking and Insurance Policy of the Venezuelan National Assembly, recently announced that, within the next several days, the final version of the country’s controversial new insurance law regulating the insurance industry will be approved. 

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Read More Venezuela: New Insurance Law Expected to be Approved in the Next Several Days

Peru’s insurance regulator, the Superintendencia de Banca, Seguros y AFP (“SBS”), recently announced that it has completed its drafting of new proposed regulations regarding microinsurance, which will now be opened for comment. …
Read More Peruvian Regulator Completes New Microinsurance Regulatory Project

This week, Wisconsin Governor Jim Doyle announced an emergency rule (the “Rule”) interpreting and implementing Section 632.895 (12m) of the Wisconsin Statutes which mandates that insurers and self-insured health plans provide coverage for the treatment of autism spectrum disorders.  Specifically, Section 632.895 (12m) requires that every disability insurance policy (except

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Read More Wisconsin Announces Emergency Rule for Implementation of Autism Coverage

Jeremy Cox will succeed Matthew Elderfield as CEO of the BMA at the beginning of next year. Matthew Elderfield, the current CEO of the BMA, is stepping down at the end of this year to take up the post of director of financial regulation at the Central Bank of Ireland. 

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Read More Bermuda: Cox appointed CEO of the Bermuda Monetary Authority (BMA) Effective 1 January 2010

At the lavish opening dinner of the AIRROC/Cavell Commutations and Networking Event 2009, Barbara Murray of Kemper was named as AIRROC’s run-off person of the year. 

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Read More Barbara Murray of Kemper Named as AIRROC’s Run-Off Person of the Year

American Life Insurance Company (Alico) recently received conditional authorization to operate in Costa Rica.  The company will now have 120 days to conform with further regulatory requirements, including the development of acceptable technological and marketing controls. …
Read More Alico Enters the Costa Rican Insurance Market