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Mayer Brown

US NAIC Spring 2025 National Meeting Highlights: Reinsurance (E) Task Force

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The Reinsurance (E) Task Force (“RTF”) of the US National Association of Insurance Commissioners (“NAIC”) held a virtual meeting on March 4, 2025, in lieu of meeting in person at the NAIC’s Spring 2025 National Meeting. In...more

Conyers

Conyers Coverage Issue 12

Conyers on

A warm welcome to this 12th edition of Conyers Coverage to kick off 2025. Now that the dust has settled, our team is reflecting on another exceptional year for the Cayman Islands (re)insurance industry in 2024. We lawyers may...more

Foley & Lardner LLP

States Continue to Adopt NAIC Group Capital Calculation Updates

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In 2020, the National Association of Insurance Commissioners (the NAIC) revised the Insurance Holding Company System Regulatory Act (the “Model Law”) and Insurance Holding Company System Model Regulation (the “Model...more

Herbert Smith Freehills Kramer

New York Legislation Would Impose Group Capital Calculation Requirement

Herbert Smith Freehills Kramer on

Parent companies of insurers doing business in New York would be required to file a “group capital calculation,” or GCC, with the Superintendent of Financial Services under legislation introduced in the state Senate on May 3,...more

Eversheds Sutherland (US) LLP

New York joins the roster of states now accepting applications for reciprocal jurisdiction reinsurers

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New York has joined the handful of states that are now accepting applications from non-US reinsurers for recognition as a reciprocal jurisdiction reinsurer under new rules that allow US domestic ceding insurers to receive...more

Eversheds Sutherland (US) LLP

NAIC’s work on revisions to credit for reinsurance model law and regulation is nearly complete

Eversheds Sutherland (US) LLP on

The National Association of Insurance Commissioners (NAIC) Reinsurance (E) Task Force has approved proposed revisions to the Credit for Reinsurance Model Law (Model Law) and the Credit for Reinsurance Model Regulation (Model...more

Eversheds Sutherland (US) LLP

NAIC’s work continues on proposed changes to credit for reinsurance model law and regulation to address Covered Agreements

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Throughout 2018, the National Association of Insurance Commissioners (NAIC) Reinsurance (E) Task Force has been working on proposed revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model...more

Carlton Fields

Update On NAIC Action To Implement The Covered Agreement

Carlton Fields on

We recently posted a Special Focus article on a hearing held by the NAIC’s Reinsurance Task Force concerning the implementation of the reduced collateral for reinsurance provisions of the Covered Agreement between the U.S....more

Hogan Lovells

NAIC holds first hearing on EU-U.S. covered agreement reinsurance collateral elimination

Hogan Lovells on

In a much anticipated public hearing, The National Association of Insurance Commissioners (“NAIC”) discussed how U.S. states should address the elimination of reinsurance collateral requirements for EU reinsurers of U.S....more

Eversheds Sutherland (US) LLP

U.S. - EU Covered Agreement: The Road Ahead

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On Thursday, February 16, the Housing and Insurance subcommittee of the Financial Services Committee of the United States House of Representatives will hold a public hearing entitled, “Assessing the U.S.-EU Covered...more

Carlton Fields

On The Horizon: Global Insurance Capital Standards

Carlton Fields on

Since 2013, the International Association of Insurance Supervisors (IAIS), an association of insurance supervisors representing more than 200 jurisdictions in approximately 200 countries, has been working on a plan to develop...more

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