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NAIC Moves On Reinsurers Collateral

Chicago--The National Association of Insurance Commissioners has laid the groundwork for revising collateral requirements for non-U.S. reinsurers, but has left open when that could ...

By Steve Tuckey | Updated on March 25, 2005

Chicago–The National Association of Insurance Commissioners has laid the groundwork for revising collateral requirements for non-U.S. reinsurers, but has left open when that could happen.

At the NAIC’s winter meeting here the group’s Reinsurance Task Force approved a white paper on the collateralization issue that sets the terms for the debate over whether foreign reinsurers should have to post collateral for the full amount of any liabilities that may be incurred in this country.

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