The National Association of Insurance Commissioners will “more than likely” reexamine the issue of continuing collateral requirements for alien reinsurers, the group's president said yesterday.
Maine Superintendent of Insurance Alessandro Iuppa said the issue was thoroughly discussed at the annual commissioners' retreat earlier this month, where a number of European regulators were also present.
No final charge has been given to the Reinsurance Task Force, but regulators last December approved an NAIC white paper that outlined the issues involved in a possible debate, which would seem to leave the way clear for a fruitful discussion, Mr. Iuppa said.
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