NAIC Rejects Need for Federal Help With Private Equity-Owned Life Insurers

June 7, 2022 by Allison Bell

A group for state insurance regulators has told Sen. Sherrod Brown that its members are well-equipped to oversee the private equity firms that now own many U.S. life insurers.

State regulators are not seeking help from Washington with monitoring those private equity firm owners, the officers of the National Association of Insurance Commissioners wrote in a public letter sent to Brown earlier this week.

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Originally Posted at ThinkAdvisor on June 2, 2022 by Allison Bell.