The Federal Insurance Office (“FIO”) has requested comments on the global reinsurance market to facilitate the preparation of a report that Dodd Frank requires it to submit to Congress on the impact of the global reinsurance market on insurance in the United States. It invites comments on the purpose of reinsurance, the breadth and scope of the global reinsurance market, the role that the global reinsurance market plays in supporting insurance in the United States, the effect of domestic and international regulation on reinsurance in the United States, the role and impact of government reinsurance programs, the coordination of reinsurance supervision nationally and internationally, and any other relevant topic. Comments are due by August 27, 2012 and the FIO’s report is due by September 30, 2012.
This post written by Ben Seessel.
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