Capital

  • 1981 – SOA – Effective Use of Capital, rsa81v7n14, Society of Actuaries – 26p
  • 1981 – SOA – Effective Use of Capital, rsa81v7n312, Society of Actuaries – 24p
  • 1987 – SOA – Sources of Capital for Investment and New Business, rsa87v13n318 – Society of Actuaries – 42p
  • 1990 – SOA – Capital-Raising Issues, rsa90v16n32 – Society of Actuaries – 34p
    • Bill is Executive Vice President of A. L. Williams Corporation, whose affiliate Milico has entered into a controversial commission financing transaction.
  • 1998 10 – FRBNY / AIG – Economic Policy Review – Capital from an Insurance Company Perspective, by Robert E. Lewis, Chief Credit Officer at American International Group – 3p
  • 2003 – SOA – Bringing Risk Into Capital Management, rsa03v29n124of – Society of Actuaries – 35p
  • 2008 – SOA – What Is a Robust Level of Risk Capital?, rm-essay-2008-rubin-shi – Society of Actuaries – 4p
  • 2023 – SOA – Rating Agency Perspectives on Insurance Company Capital, rating-agency-perspectives – Society of Actuaries – 28p
  • (p5) – Shelley Moore Kapito (R-WV) – Unfortunately, the consequences of Dodd-Frank are not limited to access to credit.
    • Life insurance policyholders could potentially see increases in premiums if life insurers are forced to capital levels designed for a lending institution.
    • I will continue to work with both Chairman Hensarling and Chairman Neugebauer to resolve this unintended consequence. 

2014 0723 – GOV (House-CFS) – Assessing the Impact of the Dodd-Frank Act Four Years Later – [PDF-169p,  VIDEO-CSPAN]

  • Even if we concede these differences, insurance policy holders can “run,” just differently.
    • A life insurance policy is not indentured servitude.
    • Policyholders can cash out whole life and annuity products, and halt premium payments on term products.
    • Indeed, one of the biggest life insurance failures – $15 billion Executive Life – suffered debilitating policy surrenders contributing to its failure in 1991.
  • I question the argument that insurance organizations should have weaker bank/thrift holding company protections because their insurance policy holders can’t easily cash out if they make bad investments.

2014 0310 – Letter – Sheila C. Bair to Senator Sherrod Brown (D-OH) – 6p

– Finding the Right Capital Regulations for Insurers – [PDF-105p,  VIDEO-Senate]