The US National Association of Insurance Commissioners (“NAIC”) held its Summer National Meeting in Chicago on August 12-15, 2024. The Risk-Focused Surveillance (E) Working Group (“RFSWG”) did not meet during the Summer National Meeting. However, a discussion of its recent work with respect to affiliate investment managers and affiliate investments, as well as regarding monitoring of run-off insurers, is provided below.
Affiliate Investment Management Agreements and Affiliated and Related Party Investments
The RFSWG met on May 30, 2024. In this meeting, the RFSWG discussed and proposed modifications to the NAIC’s Financial Analysis Handbook and Financial Condition Examiners Handbook to update the guidance around the review of affiliate investment management services and agreements and affiliate and related party investments.
