US industry split on captives fix

US regulators are trying to patch up rules on captive insurers, but there is little consensus

cracked-us-flag

The year 2013 marked the 10-year anniversary of the first Regulation XXX excess reserve funding transaction. During the early 2000s, the use of securitisations and captive insurers to offload the punitive statutory requirements associated with level premium term insurance (XXX reserves) and universal life with secondary guarantees (ULSG) products (AXXX reserves) became a popular feature of the US market. Insurers, reinsurers, capital markets participants and regulators alike became comfortable w

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: