“Update on Private Equity Issues in the Insurance Industry”

The Private Equity Issues (E) Working Group held its second open meeting on March 30, 2014 at the Spring National Meeting of the National Association of Insurance Commissioners (the "NAIC").  The Working Group was formed in July 2013 as a result of the May 6, 2013 referral memorandum from the Financial Analysis (E) Working Group and held its first open meeting on December 16, 2013. 

This Stroock Special Bulletin provides an overview of the March 30, 2014 meeting, including discussions regarding (1) the development of procedures that regulators can use when considering ways to mitigate or monitor risks associated with private equity/hedge fund ownership or control of insurance company assets, and (2) the development of best practices and the consideration of possible changes to NAIC guidance materials.