US insurers will have to increase scrutiny of the reinsurance process under proposals put forward by the US National Association of Insurance Commissions.
The proposals come as the probe into finite reinsurance deals at AIG strengthens.
Insurers will need to show greater disclosure of their accounting sheets to make clear gains or losses which exceed 3% of its policy surplus, the proposals said.
Under the plans chief executives will also be required to acknowledge reinsurance contracts that the company has taken “credit” for on its financial statements.
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.
