Framework for reducing reinsurance collateral advances at NAIC Fall Meeting
A long-debated new reinsurance framework that would reduce collateral obligations for non-US reinsurers moved a step closer to the US marketplace with approval by a key body at the National Association of Insurance Commissioners fall meeting.
The Reinsurance Task Force approved the framework in the face of opposition by US domestic primary insurers, who warned against any potentially destabilizing action following the AIG crisis and a
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