Walking a fine line: a Best's Review survey found insurers and reinsurers alike fear the end of the alien reinsurers'...
Publication Date: December 21, 2006
Advisen -- Reinsurance
Source: Best's Review
"Should they, or shouldn't they? More than 200 insurance people worldwide responded to a Best's Review survey on a proposal by the National Association of Insurance Commissioners to end the long-held requirement that alien reinsurers deposit 100% collateral in the United States for their U.S. liabilities. A majority of respondents (42.1%) said they thought the NAIC should maintain the status quo. An NAIC task force currently is drafting a proposal that would place both domestic and foreign reinsurers on a system based on financial strength ratings..."
Advisen -- Reinsurance
Source: Best's Review
"Should they, or shouldn't they? More than 200 insurance people worldwide responded to a Best's Review survey on a proposal by the National Association of Insurance Commissioners to end the long-held requirement that alien reinsurers deposit 100% collateral in the United States for their U.S. liabilities. A majority of respondents (42.1%) said they thought the NAIC should maintain the status quo. An NAIC task force currently is drafting a proposal that would place both domestic and foreign reinsurers on a system based on financial strength ratings..."
posted by AVRECO at 8:54 AM
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