Prudential News

Moody’s Reports on Proposed Systemic Risk Rules for Insurers

A key ratings agency says that recently proposed guidelines for identifying which insurers would qualify as systemic risks represent an important first step in improved federal regulation of financial institutions. The proposed guidelines from the Financial Stability Oversight Council (FSOC), …

New Jersey Approves First Captive Insurer

New Jersey has approved its first captive insurance company under the new law that became effective in May. The Department of Insurance issued a certificate of authority, effective July 1, to the Prudential Insurance Co. of America to form a …