National
Under writer
BERMUDA
MARKET UPDATE
Island Players Distinguish
Themselves Through Innovation
TOP STORIES OF THE WEEK
FIO & FSOC: Which Will Have
The Greatest Regulatory Impact?
Shortly after industry lawyers called
conflicts over the scope of the Financial
Stability Oversight Council the “
cutting-edge issue” for insurance regulation,
an industry report labeled the Federal
Insurance Office the “biggest wildcard” in
regulatory reform. E Page 6
AIG Pays $6.9B Toward TARP Loan
American International Group said it
repaid nearly $7 billion to the Treasury,
using money raised from the sale of its
equity stake in MetLife Inc. earlier this
month. E Page 7
U.S. Captives Attracting Attention Through New Legislation, Applications See page 14. DESTINATION: CAPTIVES
Photo Compilation by Kelly Farrar/Road Photo by Thinkstock
P&C Industry Employment
Down To Lowest Level In 20 Years
Property and casualty carrier employment is at its lowest level in more than 20
years, according to data published by the
U.S. Labor Department’s Bureau of Labor
Statistics and compiled by the Insurance
Information Institute. E Page 7
Bermuda Exec: RMS Model Change,
1Q Cats Could Turn Market
The industry should “stay tuned” as the
revised catastrophe model from Risk
Management Solutions rolls out, the CEO
of RenaissanceRe told NU, describing
the model changes and potential market
impacts as meaningful. E Page 10
WASHINGTON WATCH
Reinsurance Offered As
Option For NFIP
Page 13
