A Moody's report into finite reinsurance said making the tool transparent would determine its legality.
The report, Understanding and Evaluating Finite Reinsurance, claimed US investigations are looking at whether companies have properly accounted for their finite reinsurance contracts.
It also said the probe questioned whether the product was used to smooth earnings or to mask other adverse financial trends.
The report's author, vice president Chris Hall, said: “The general lack of transparency has made analysis of this type of instrument quite challenging and, in some cases, even impossible."
Hall said making finite reinsurance contracts transparent would help to determine whether financial statements had been affected.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
