Treasury and Fed Tell States to Watch Life Insurers More Carefully
December 10, 2024 by Allison Bell
Federal regulators are nervous about the investments and non-U.S. reinsurance inside many life and annuity issuers.
The Financial Stability Oversight Council said in an annual report released Friday that state insurance regulators and the National Association of Insurance Commissioners need to get more information about life and annuity issuers’ private market investments and offshore reinsurance, and to consider reducing how much of the value of private equity assets and private credit assets the issuers can include their risk-based capital ratios.
Click HERE to read the full story via Think Advisor
Wink’s Moore on the Market: How very timely…
The Financial Stability Oversight Council “are nervous about the investments and non-U.S. reinsurance inside many life and annuity issuers.”
They “said in an annual report released Friday that state insurance regulators and the National Association of Insurance Commissioners need to get more information about life and annuity issuers’ private market investments and offshore reinsurance, and to consider reducing how much of the value of private equity assets and private credit assets the issuers can include their risk-based capital ratios.”
It will be interesting to see how the National Association of Insurance Commissioners (NAIC) responds.
Thanks Allison Bell at ThinkAdvisor. -sjm
