Thursday, February 13, 2014

NAIC News Release

BERMUDA, GERMANY, SWITZERLAND & UNITED KINGDOM ADDED TO NAIC LIST OF QUALIFIED JURISDICTIONS - NAIC News Release (JEH excerpt: "The jurisdictions will be placed on the NAIC List of Qualified Jurisdictions effective January 1, 2014. Adopted by the NAIC in August 2013, the Process was developed to evaluate the reinsurance supervisory systems of non-U.S. jurisdictions for reinsurance collateral reduction purposes. Reinsurers licensed and domiciled in these four jurisdictions are eligible to be certified for reduced reinsurance collateral requirements under the NAIC's Credit for Reinsurance Model Law.")