This is a substantially more serious subject than simply calling the notion indefensible. There is a significant differential in accounting standards and methodology between the so called alien reinsurers and ours. Unless, the alien standards are any short of those within the United States, especially since regulators, and more especially Fitch, Moody\’s & S&P have amended their basis by which insurers and reinsurers are tested. Without adequate continued regulatory process, this has the ability to become a disaster.
Isn\’t it ironic that major insurers, just like their clients, are at risk of not being indemnified for insurance coverage that they have paid for.
Too, it is no surprise that Lloyds would like ones to redefine sound business practices.
http://www.truthaboutlloyds.com
This is a substantially more serious subject than simply calling the notion indefensible. There is a significant differential in accounting standards and methodology between the so called alien reinsurers and ours. Unless, the alien standards are any short of those within the United States, especially since regulators, and more especially Fitch, Moody\’s & S&P have amended their basis by which insurers and reinsurers are tested. Without adequate continued regulatory process, this has the ability to become a disaster.