NU Online News Service, June 30, 1:35 p.m. EDT
BERMUDA–Group-wide supervision means factoring all risks of a group into regulations, according to an executive at the Bermuda Monetary Authority who said the 2008 troubles at American International Group has "become a template of what a supervisor must do to protect policyholders" and others.
Speaking at the Bermuda Captive Conference held here, Jeremy Cox, CEO of the Bermuda Monetary Authority, said that during a recent conference in Bahrain "the AIG issue was discussed widely."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
