Increased regulatory scrutiny and the need for collateral to support statutory reserve credit and meet increasing margin requirements on derivative trading is driving US life insurers to make changes in their captive reinsurance arrangements, according to Fitch Ratings. Heightened transparency and regulatory oversight associated with new regulatory requirements are viewed positively by Fitch and they expect other US life insurers will likely make changes to their affiliated capital reinsurance arrangements as well. Last week, MetLife said it would combine its offshore captive used to reinsure the company's variable annuity(VA) guarantee risk into a domestic insurance company. Completion is expected by the end of 2014. The recapturing of VA risk ceded to a captive reinsurer reverses an industry trend as US life insurers rethink their use of captive reinsurance in response to regulatory changes. Fitch notes that US insurance regulators have increased their scrutiny of affiliated captive reinsurance arrangements. Towards that end, the National Association of Insurance Commissioners(NAIC) formed a subgroup to study the industry's use of captives and make recommendations to change/modify existing regulatory requirements and/or introduce to new requirements. |
|
|
|
Pensions Data Science Actuary | ||
Offices UK wide, hybrid working - Negotiable |
Head of Pricing | ||
London - Negotiable |
Global Specialty Pricing Actuary | ||
London - £95,000 Per Annum |
Client-facing DC investment manager | ||
London / hybrid 3 dpw office-based - Negotiable |
Financial Risk Leader - Bermuda | ||
Bermuda - Negotiable |
Aylesbury Actuaries | ||
Aylesbury / hybrid 3dpw office-based - Negotiable |
Make an impact in protection pricing ... | ||
London / hybrid 2 days p/w office-based - Negotiable |
BPA Implementation Manager | ||
North / hybrid 50/50 - Negotiable |
Head of Reserving | ||
London - £160,000 Per Annum |
In-force Longevity Actuarial Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Make a difference within reinsurance ... | ||
London / hybrid 2 dpw office-based - Negotiable |
Be at the cutting-edge of life & heal... | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Develop your career in life reinsuran... | ||
London / hybrid 2 dpw office-based - Negotiable |
Protection Pricing Actuary - Life Rei... | ||
London / hybrid 2 dpw office-based - Negotiable |
Life (Re)insurance Pricing Manager (P... | ||
London / hybrid 2 dpw office-based - Negotiable |
Take the lead: life & health reinsura... | ||
London / hybrid 2 dpw office-based - Negotiable |
Pricing Tools and Systems Developer | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Actuary | ||
London / hybrid 2 dpw office-based - Negotiable |
Shape the future of longevity | ||
London / hybrid 2 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.