New York partner H. Michael Byrne discussed enhancements to insurance group supervision in a Practising Law Institute Briefing June 27. He co-presented with Robert Kasinow of Examination Resources.

The program, titled "Insurance Group Solvency Supervision: Proposed Enhancements 2012," discussed four key topics:

  • The NAIC’s 2010 amendments to its Model Insurance Holding Company System Regulatory Act and Regulation.
  • The NAIC’s Own Risk and Solvency Assessment initiative.
  • Potential supervision of insurers that FSOC determines to be SIFIs, and the role of the FIO in that determination by FSOC.
  • Solvency regulation in Europe and the determination of third-country regulatory “equivalence” under Solvency II.