Archive for March 2021
Solvency II
Solvency II Solvency II came into effect on 1 January 2016 en.wikipedia.org/wiki/Solvency_II#:~:text=Solvency%20II%20is%20a%20Directive,reduce%20the%20risk%20of%20insolvency. Europa – Risk management and supervision of insurance companies (Solvency 2) – [link] Bank of England – Solvency II- [link] 2006 – JIR / NAIC – Modernizing Insurance Solvency Regulation: Evidence from the UK – 21p With respect to insurance companies, Douglas et al.…
Read MoreLife Settlements
Life Settlements 2010 0722 – SEC – Life Settlements Task Force – Staff report to the United States Securities and Exchange Commission – 93p 2009 0924 – GOV (House) – Recent Innovations in Securitization, Paul E. Kanjorski (D-PA) [PDF-123p, VIDEO-archive.org] Written statement of Joseph M. Belth – p103- Testimony – Susan Voss (IA) – NAIC House…
Read MoreSecurities Lending
Securities Lending Securities Lending – Index Securities Lending – AIG Securities Lending – AIG – FCIC Securities Lending – FCIC Securities Lending – FRB Securities Lending – Insurance Regulators Figure 7 illustrates our identification strategy by focusing on the differences in lending behavior between MetLife and AIG. 2019 – FRB – Over-the-Counter Market Liquidity and…
Read MoreDeceptive
Deceptive Deceptive Business Practices Deceptive Contracts Deceptive Sales Practices When a policyholder feels deceived, the disintermediation potential is enhanced. — Allen D. Booth, a consultant in the Milwaukee office of Towers, Perrin, Forster and Crosby 1982 – SOA – Universal Life Update, Society of Actuaries (rsa82v8n34) – 26p In guarding the public against insolvent insurance…
Read MoreCapital Standards
Capital Standards ICS – Insurance Capital Standards – IAIS Spencer BACHUS (R-AL) – I believe to protect those that are relying on the bond insurers’ capitalization, I believe the superintendent of the New York Insurance Department could have raised the capital standards. Governor SPITZER. Sir, I think you misapprehend— Spencer BACHUS (R-AL) I believe there…
Read MoreOptional Federal Charter
Optional Federal Charter 2007 1214 – CRS – Insurance Regulation: Optional Federal Charter Legislation – 16p 2004 – AP – Consumer Ramifications of an Optional Federal Charter for Life Insurers, Sheila Bair – 273p Chart – p262 2008 – SOA – Optional Federal Charter (OFC)—Another Acronym, Another Concern, By Norman E. HIll – 5p “OFC proposal”…
Read MoreBernie Madoff
Bernie Madoff 2008 1211 – Madoff arrested “split-strike conversion strategy” nytimes.com///projects/madoff Harry Markopolos Tremont – Massachusetts Mutual 2011 0728 – NYT – Settlement of More Than $1 Billion From Madoff-Related Funds, By Reuters – [link] Mr. Picard has said Tremont, based in Rye, N.Y., which is part of the Massachusetts Mutual Life Insurance Company, was the…
Read MoreSIFIs – Systemically Important Financial Institutions
SIFI – Systemically Important Financial Institutions (p21) – Chairman LUETKEMEYER (R-MO) – Thank you. Mr. Van Der Weide, I want to let you know that you gave us more information in your 2 or 3 minutes’ response here than all of the other folks we have had before this committee, put together, when we asked…
Read MoreTerri Vaughan
Terri Vaughan – Therese M. Vaughan Drake University – Professor AIG Board of Directors Allied Board of Directors Insurance Regulation 1994-2004 – Iowa Insurance Commissioner 2002 – NAIC president in 2002. 2009-2012 – NAIC CEO 2013 – Textbook – Fundamentals of Risk and Insurance, Eleventh Edition, by Emmett J. Vaughan and Therese M. Vaughan Education 1979…
Read MoreEric Dinallo
Eric Dinallo Dinallo – Index 2007 01 – 2009 07 – New York State Superintendent of Insurance Dinallo – List Dinallo – 2008 Financial Crisis AIG – Securities Lending – Dinallo 2012 – Paper – Prosecuting Securities Fraud from a New York Perspective, by Eric Dinallo – 6p 2021 0225 – YPFS Lessons Learned Oral History Project:…
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