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The insurance regulators in New York and Germany have recently signed a memorandum of understanding (MoU), which establishes a formal basis for greater co-ordination between the two jurisdictions
This week, the head of the Florida Office of Insurance Regulation (“FLOIR”), Commissioner Kevin McCarty, announced the signing of a memorandum of understanding (“MoU”) with the German Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”), Germany’s integrated financial regulator responsible for regulatory oversight of the insurance, banking and securities markets
Proposed legislation that would limit a tax deduction for reinsurance premiums paid to a foreign affiliate of a US insurer has drawn the formal opposition of the German government
On December 19, 2011, the head of the Connecticut Insurance Department, Commissioner Thomas Leonardi, announced the signing of a memorandum of understanding with the German Federal Financial Supervisory Authority, the governmental body responsible for financial regulation in Germany
