New York Department of Financial Services NYDFS Circular Letter No. 5 reminded industry acquiring less than 10% of insurer’s voting securities does not mean acquirer is not controller. NAIC’s Macroprudential E Working Group is studying, overseeing Project.
In our report published on April 26, 2022, we discussed the New York Department of Financial Services’ (NYDFS) Circular Letter No. 5 in which it reminded the industry that acquiring.
National Association of Insurance Commissioners NAIC and individual state insurance regulators highlight their awareness of increasing number of insurers controlled by private equity PE funds. Capital Markets Bureau annual report about those insurers controlled by PE funds, and year-end 2020 report
For much of the past 10 years, the National Association of Insurance Commissioners (NAIC) and individual state insurance regulators have highlighted their awareness of the increasing.