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Bifurcation No Panacea For Finite Deals

Standardizing rules difficult for a process that always involves subjective

By Brian C. Schneider | Updated on November 12, 2006

Finite-risk reinsurance is still a source of concern and uncertainty for the property-casualty industry. Although numerous companies have settled their investigations related to finite transactions and their accounting treatment since this issue first came under fire late in 2004, other inquiries are still pending.

More recently adding fuel to the fire was the Financial Accounting Standards Board’s proposed “Bifurcation of Insurance and Reinsurance Contracts for Financial Reporting,” which was available for comment over the summer.

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