PCI applauds NAIC over aliens
The Property Casualty Insurers Association of America (PCI) has backed the National Association of Insurance Commissioners’ (NAIC) decision to table consideration of an approved list of alien reinsurers.
Over recent months non-US reinsurers have been pressing NAIC to relax the rules on the 100% collateral requirement, and urged it to create a list of qualified foreign reinsurers that would be allowedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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