The Capital Rules Desk 10 stories this week · 53 total

The authority also tightened capital, valuation and liquidity requirements and described when it will step back from transactions.

Both chambers have approved extensions through 2034; the House version would raise the event-certification threshold from $5 million to $10 million in 2029, and the industry wants a presidential signature by the end of 2026.

The new company writes directly from a Bermuda balance sheet while its 30-year branch keeps the non-participating book; first product is a whole life policy built with Sun Life Asset Management.

Both chambers have now approved extensions through 2034; the House version would raise the event-certification threshold from $5 million to $10 million starting in 2029.

Scott White told a Hamilton conference the review targets recapture risk and reinsurer credit strength in jurisdictions without reciprocal status.

HB 6375 would also update a Uniform Commercial Code cross-reference, and it would not take effect unless companion measure HB 6347 is also enacted into law.

The letter to Senator Warren sizes the book; the ratings and valuation reviews inside it decide what holding it costs.

The NAIC's capital charge for non-reciprocal jurisdictions is due at the end of 2027, and it will re-sort offshore reinsurance before it shrinks it.

AM Best's stable outlook waits on legacy closes, not a casualty turnaround, to restore the bottom line.

Eighteen months in, the NAIC's valuation reviews are asking how assets behave when assumptions fail, and the answer increasingly runs through the asset manager.

The BMA's consultation names who would run a failure and which insurers fall inside the perimeter, then defers the powers that decide who actually gets paid.

A rating committee has repriced the group while the NAIC's RBC text is still being written, and the intermediaries in between will adjust before either finishes.

Settled CLO factors clear the NAIC's docket for items that reach every bond, reserve and loan category on the insurance general account.

A near-certain fifth reauthorization gives insurers a terrorism planning assumption they can hold, even as Treasury's own hybrid-attack model puts cyber at 88% of the loss and leaves the trigger unfinished.

The fifth reauthorization now looks close to certain; what's left is the gap between the House and Senate end dates, and that gap is the number insurers have to price.

Statutory reporting and capital treatment for illiquid assets and offshore reinsurance are on a short comment clock; the charge that lands in the RBC formula will outlast every deal priced ahead of it.

The catalogue's burst-by-burst record argues for capital rules written in the calm, when the next wave is built.

Approvals in hand, the $22 billion tie-up's real deadline is the Dec. 31 close.

The group's A (Excellent) ratings stand as the downgrade warning is retired.

The House voted 373-15 to extend the federal backstop through 2034, a fifth admission that deliberate attack cannot be modeled as private risk.

A memo from the NAIC National Meeting instructs the Life Risk-Based Capital Working Group to develop a capital charge for cessions outside reciprocal jurisdictions, putting the Cayman gap in the capital formula and turning Bermuda's earned recognition into a capital advantage.

The 144-year-old insurer exits rehabilitation as a stock company under JAB's permanent capital, giving regulators a model for the next rescue.

The House would keep the terrorism backstop alive through 2034 and raise the certified-loss threshold to $10 million in 2029, leaving smaller events to the industry's own balance sheets.

The parent holding company shifts to US regulators while two Bermuda units stay under BMA watch.

AM Best left the ratings untouched and wrote its rationale around the 2023 reserve strengthening and the $2.3 billion Cavello Bay loss portfolio transfer that ended the early-2020s volatility.

The draft Insurance Law rewrite lifts the entry bar fivefold and puts ultimate controllers directly in the supervisor's sights.

The redomiciliation would end the BMA's group-supervisor relationship with Aegon and leave Bermuda with a $6.3 billion life subsidiary in its place.

The island's premier is pressing Bermuda's case for regulatory cooperation and market access just as AM Best warns on collateral behind offshore life reinsurance.

The downgrade lands both Prime's financial-strength and issuer-credit ratings in the Fair band, with the negative-implications review still open.

The ratings agency's warning turns the offshore growth story into a capital-rules test: reserve credits are rising faster than the collateral backing them.

Its second redomiciliation in three years aligns the legal home with the 70% of operations that sit in the US—and the capital-rules conversation that follows.

U.S. life/annuity carriers are ceding more risk, and the capital question now lands on reinsurer counterparties.

AM Best cites parent support and early corrections, but keeps the watch on peer benchmark results.

The A+ affirmation holds, but AM Best's monitoring language makes the stable outlook a test of National Indemnity's support and the commercial-auto re-underwriting.

The preamble now frames future changes to the capital formula; the narrowed gap list leaves open which weaknesses were closed and which were merely parked.

The SVO extension restores the calendar after the ShinyHunters breach; the designation pipeline remains as concentrated as the vulnerability that caused the outage.