Auto/Marine/Aviation EMERGING TRENDS INDUSTRY NEWS Legislation/Regulation P&C People Recent Stories Reinsurance Markets WRIN.tv Week in Review: January 26-30, 2015 Last week on WRIN.tv… Monday Morning Headlines from SNL Insurance featured President Obama State of the Union The Department of Homeland Security and a cyber incident repository for insurance companies The New York Department of Financial Services and IT exam guidance for insurers The NAIC’s announced a new chair for its International Insurance Relations Committee KKR’s deal to acquire QBE’s … Read More
Legislation/Regulation ACA faces challenges re: FT employee status and Federal exchange subsidies Tom Leonardi, former Connecticut Insurance Commissioner and now with Evercore Partners, commented on two legislative issues for the Affordable Care Act (ACA) in 2015: a bill attempting to change the definition of “Full Time Employee”, and an court appeal to reverse a decision on payment of subsidies to buyers of health insurance on the Federal exchange. The new definition of … Read More
Reinsurance Markets “Disruptive” alternative capital a concern for reinsurers Former Connecticut Insurance Commissioner Tom Leonardi speaks with WRIN.tv about the alternative capital that has come into the (re)insurance industry. Mr. Leonardi joined the investment banking firm of Evercore Partners in January. He mentioned a survey that said the influx of capital into the property-casualty market, through CAT Bonds or ILS, was one of the top disruptive forces in the … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Former CT Commissioner Leonardi on capital standards, alternative capital, ACA challenges, and more. Late last year, Tom Leonardi left his post as the Connecticut Insurance Commissioner to join Evercore Partners, the investment banking firm. WRIN.tv spoke with Tom about the capital standards, the influx of capital in the industry, the new Congress, the Affordable Care Act, M&A and more. Mr. Leonardi reviews efforts to establish capital standards at the U.S. and international level, … Read More