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Member, Beacon International Group, Ltd.
WASHINGTON—The Federal Insurance Office is seeking comments on the global reinsurance market and its role in supporting insurance in the United States.
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the FIO is required to submit a report to Congress no later than Sept. 30 on the breadth and impact of the global reinsurance market on the United States.
In a notice that appeared in the Federal Register last week, the FIO asked for comments on:
• the purpose of reinsurance;
• the breadth and scope of the global reinsurance market;
• the role that the global reinsurance market plays in supporting insurance in the United States;
• the effect of domestic and international regulation on reinsurance in the United States;
• the role and impact of government reinsurance programs;
• the coordination of reinsurance supervision nation-ally and internationally; and
• any other topics relevant to the report.
Comments are due by Aug. 27.
Comments can be submitted electronically through the Federal eRulemaking Portal at Regulations.gov in accordance with the instructions. Comments will be available at Regulations.gov as submitted, unless modified for technical reasons. Accordingly, comments will not be edited to remove any identifying or contact information. Electronic submissions are encouraged.
Comments also may be mailed to the Department of the Treasury, Federal Insurance Office, 1500 Pennsylvania Ave. NW, Washington, DC 20220.