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US Congress clears up capital standards
12 December 2014
Washington DC Reporter Stephen Durham

The NAIC has commended the US Congress for passing the Insurance Capital Standards Act of 2014...

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European insurers ready for Solvency II
01 December 2014
Frankfurt Reporter Stephen Durham

The insurance sector is, in general, sufficiently capitalised in Solvency II terms, according to EU-wide insurance stress tests conducted by EIOPA...

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NAIC stalls on accreditation standards revisions
17 November 2014
Washington DC Reporter Stephen Durham

A committee of the NAIC has deemed it necessary to prepare a new and completely revised preamble that will clarify the scope of the NAIC accreditation standards...

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NAIC approval imminent, says BMA
14 November 2014
Hamilton, Bermuda Reporter Stephen Durham

Bermuda has outlined the conditions of its approval as a qualified jurisdiction by a working group of the NAIC...

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End of the line for First Keystone RRG
03 November 2014
South Carolina Reporter Stephen Durham

South Carolina-domiciled captive insurer, First Keystone RRG, has been placed into liquidation by the state’s circuit court...

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Another new customer for SBS
29 October 2014
Washington DC Reporter Stephen Durham

The Arkansas Insurance Department has completed the initial phase of the State Based Systems (SBS) implementation process, making it the latest state to take advantage of the NAIC's regulatory-based electronic application...

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Meetings not a spectator sport, says IAIS
28 October 2014
Washington DC Reporter Stephen Durham

The International Association of Insurance Supervisors (IAIS) has voted to scrap “observer membership” status, which included participation in some IAIS meetings, in favour of creating new stakeholder consultation procedures...

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