Reinsurance

Michael R. Mead, who helps conduct the survey, said: "Reinsurance was clearly a concern. It showed up on more radar screens than previously--and last year it was big, but it was more diverse this year.

The Zurich, Switzerland-based company announced today that it intends to form three legal entities based in Luxembourg to serve as underwriters of most of its European reinsurance and insurance busine

The action came at the National Association of Insurance Commissioners opening session where the Reinsurance Task Force was told to put some meat on the skeletal proposal to reform alien collateral ri

In a special conference call yesterday, the parent Financial Condition Committee voted to send the issue back to the task force with the additional charge of taking a broader look at reinsurance regul

According to the trade groups, the NAIC Financial Condition Committee has now agreed that the critical issues that must be examined include the appropriate risk-based capital charge for reinsurance; a

Senate Democrats expressed strong support for renewal of the Terrorism Risk Insurance Act at a Capitol Hill hearing on the issue, but concerns voiced about the program by Republicans left it unclear