London Reinsurers Heartened By NAIC Attention To Collateralization Proposal
A prominent London insurance professional suspects that fear of competition may be behind some industry opposition to a proposal from non-U.S. reinsurers on reducing the existing collateralization requirements for their U.S. liabilities.
The National Association of Insurance Commissioners' Reinsurance Task Force discussed the proposal at a recent "interim" hearing, as well as at a subsequent public hearing at the NAIC's Summer National Meeting in Philadelphia.
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