Reinsurance News

RAB

Insurance Europe RAB advocates for open global reinsurance marketplace

17th November 2023

In a bid to fortify global financial resilience against mounting risks, the Insurance Europe Reinsurance Advisory Board (RAB) has unveiled a comprehensive report championing the significance of an open global reinsurance market. The report titled 'The Power of Reinsurance: Supporting the resilience of societies through an open and well-regulated reinsurance market,' ... Read the full article

Reinsurance Advisory Board appoints Charlie Shamieh chair

26th June 2023

Insurance Europe’s Reinsurance Advisory Board (RAB) has appointed Gen Re chairman Charlie Shamieh as its new chair following the sad death of SCOR's Denis Kessler, who had held the position since September 2021. Shamieh has more than 37 years of experience in the life & health and property & casualty insurance ... Read the full article

RAB raises concerns over references to reinsurance in Dutch bank consultation

20th December 2022

The Reinsurance Advisory Board (RAB) has raised a series of concerns regarding references to reinsurance in a consultation by De Nederlandsche Bank (DNB) on insurer resolvability. The RAB states that its response relates to Article 9.2d, which stipulates that the DNB shall assess the extent to which resolvability is taken into ... Read the full article

RAB welcomes proposed changes to India’s reinsurance rules

23rd November 2022

The Reinsurance Advisory Board (RAB) has responded to a consultation by the Insurance Regulatory and Development Authority of India (IRDAI) on a draft amendments to its reinsurance regulations. The IRDAI’s proposed changes on order of preference would deliver positive developments towards a more open and balanced reinsurance market, the RAB ... Read the full article

Open reinsurance markets are vital to operate efficiently: RAB

22nd February 2022

The Reinsurance Advisory Board (RAB) has responded to the UK House of Lords’ Industry & Regulators Committee call for evidence into commercial re/insurance regulation, emphasising that open reinsurance markets are vital to enable the insurance sector to operate efficiently. The RAB also noted that it’s essential that the markets are able ... Read the full article

RAB pens letter to NAIC over implementation of EU-U.S covered agreement

25th October 2018

Insurance Europe’s Reinsurance Advisory Board (RAB) has written to the U.S National Association of Insurance Commissioners (NAIC) to express concern about NAIC’s draft implementation plans for the bilateral agreement on re/insurance prudential measures. The agreement eliminates the requirement to post collateral placed on EU re/insurers writing business in the U.S. However, RAB ... Read the full article

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