Topic: Reinsurance

Senate Banking Committee Chair Urges FIO And the NAIC To Monitor Private Equity and Affiliated Offshore Reinsurance in the Life Insurance Industry

Earlier this month, United States Senator Sherrod Brown (D-OH), Chair of the Banking, ‎Housing, and Urban Affairs Committee, urged the Federal Insurance Office (FIO) and the ‎National Association of Insurance Commissioners (NAIC) to examine the increasing role of ‎private equity and alternative investment classes in the life insurance market as well as ‎offshore reinsurance. ‎

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US Treasury Announces New Covered Agreement on Insurance and Reinsurance Regulation with UK

The U.S. Department of the Treasury and the Office of the U.S. Trade Representative announced on December 11, 2018 that they intend to sign a new Bilateral Agreement between the U.S. and the U.K. on Prudential Measures Regarding Insurance and Reinsurance (“Covered Agreement”).

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