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As private equity investors continue to increase their presence in the insurance industry with acquisitions of insurers and reinsurance of blocks of insurance contracts through insurer...
On June 1, 2023, the Federal Advisory Committee on Insurance (“FACI”) held its June meeting. Below is a summary of the topics discussed with emphasis on areas we found particularly...
Northwestern Mutual wants to see the regulators keep use of offshore reinsurance from affecting insurers' solvency.
NY Department of Financial Services NYDFS issued Circular Letter No. 5, reminding owners of insurance companies acquiring less than 10% of company’s voting securities not safe harbor from regulatory prior approval. Board appointment, transactions result in NYDFS Oversight.
On April 19, 2022, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 5, reminding owners and potential purchasers of shares of insurance companies that...