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Results: 1-10 of 76

NAIC considers proposal to treat working capital finance notes as invested assets

  • Mayer Brown LLP
  • -
  • USA
  • -
  • April 29 2011

On March 27, 2011, at the Spring National Meeting of the National Association of Insurance Commissioners ("NAIC"), the Valuation of Securities (E) Task Force ("VOS Task Force") evaluated a proposal to allow insurance companies to treat Working Capital Finance Notes as invested assets

Reinsurance collateral reform: four states changed, three states pending

  • Mayer Brown LLP
  • -
  • USA
  • -
  • April 29 2011

The pace of reform for US reinsurance collateral and related regulatory requirements is quickening

California issues bulletin for guidance on implementation of reinsurance provisions of Dodd-Frank Act

  • Mayer Brown LLP
  • -
  • USA
  • -
  • April 29 2011

On April 11, 2011, the State of California Department of Insurance (the “Department”) released Bulletin No. 2011-2 (the “Bulletin”), Implementation of Reinsurance Provisions of the Federal Nonadmitted and Reinsurance Reform Act

Federal regulators propose excluding certain insurance products from swaps regulations

  • Mayer Brown LLP
  • -
  • USA
  • -
  • April 29 2011

On April 27, 2011, the Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") jointly issued proposed rules and proposed interpretive guidance further defining key terms with respect to the regulation of derivatives under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act

Update additional states adopt statutes providing for limited purpose subsidiary life insurance companies

  • Mayer Brown LLP
  • -
  • USA
  • -
  • June 30 2011

Three additional states have followed the lead of Iowa and have recently adopted statutes allowing life insurers domiciled in their states to create limited purpose subsidiary (“LPS”) life insurance companies

Government’s refinement of proposed insurance regulatory regime

  • Mayer Brown LLP
  • -
  • China
  • -
  • June 30 2011

The Financial Services and Treasury Bureau published the “Proposed Establishment of an Independent Insurance Authority Consultation Conclusions and Detailed Proposals” (“Consultation Conclusions”) and the relevant “Frequently Asked Questions” (“FAQs”) on 24 June 2011

International Association of Insurance Supervisors: issues paper on resolution of cross-border insurance legal entities and groups

  • Mayer Brown LLP
  • -
  • Global
  • -
  • June 30 2011

In light of the fact that there is no international insolvency framework for insurance entities and very few practical examples of successful resolutions, the International Association of Insurance Supervisors (“IAIS”) has published a paper identifying the issues involved in the winding up of cross border insurance entitiesgroups aimed at encouraging international discussion on the resolution of complex cross-border insurance insolvenciesrestructurings

Solvency II proposed delay to 2014

  • Mayer Brown LLP
  • -
  • European Union
  • -
  • August 2 2011

The Committee of Economic and Monetary Affairs of the European Parliament has published a draft report on Omnibus II which includes the proposal that the full requirements of Solvency II should not be implemented until 1 January 2014

NAIC Reinsurance (E) Task Force continues to take steps to amend credit for reinsurance model law and regulation

  • Mayer Brown LLP
  • -
  • USA
  • -
  • August 2 2011

Reinsurance reform in the United States has been a long-developing process and the subject of great debate

ABI director general outlines ten-point plan for improving reputation and customer service in the insurance sector

  • Mayer Brown LLP
  • -
  • United Kingdom
  • -
  • August 2 2011

Otto Thorensen, Chief Executive of the ABI has, four months into his role, set out his initial thoughts on the challenge posed by the pressing issue of reputation and service to customers of the insurance industry