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Highlights from the NAIC Spring annual meeting on PBR and captive insurance companies

USA - April 16 2015 Beginning in 2013, we have issued a series of Alerts on the controversy regarding the use of captive insurance companies to finance reserves for...

Cameron F. MacRae III, Hugh T. McCormick.


Latest developments in regulation of XXXAXXX captives

USA - December 8 2014 The National Association of Insurance Commissioners (the "NAIC") is forging ahead with its work on captive insurance companies used by life insurance...

Cameron F. MacRae III, Hugh T. McCormick.


NAIC moving forward on Regulation of XXXAXXX financing transactions

USA - August 29 2014 For more than two years, the National Association of Insurance Commissioners (the "NAIC") has been addressing the use by life insurers of captive...

Hugh T. McCormick.


NYSE proposes relaxation of independence test for directors of spin-off companies

USA - April 9 2014 Prompted by a request for interpretive guidance, on April 1, 2014, the NYSE proposed to relax its bright line director independence tests in certain...


Report to NAIC on captives: the controversy about principle-based reserves and captives continues

USA - March 27 2014 Overall, the Rector Report seems to be an attempt to steer a course between regulators who are opposed to the use of captives to fund XXX and AXXX...

Alice T. Kane, Hugh T. McCormick.