9/16/2008

NAIC will meet later this month "to consider the proposal to end collateral requirements" for reinsurers, according to a posting on Lloyd's Web site. The requirement has been a bone of contention among European reinsurers. "This is a significant step in the right direction: Towards the total abolition of collateral requirements, which we favor," Lloyd's general counsel said.

Full Story:
Insurance Journal

Related Summaries