Regulators Say Reinsurance Not Threatening Global Markets

Law360, New York (July 19, 2012, 4:28 PM EDT) -- The International Association of Insurance Supervisors said Thursday that traditional reinsurance doesn't currently pose a major risk to the global economy, but that regulators should closely monitor large reinsurance groups that delve into underwriting credit default swaps and other unconventional activities.

The IAIS — an organization of insurance regulators from around the world — released a policy paper concluding that traditional reinsurance is unlikely to cause or amplify systemic risk, echoing a similar finding in a November report that focused on the primary insurance industry....
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