Kramer Levin Seminar: Catch the Trend: Life Insurers, Private Funds and Capital Requirements – Issues & Insights

On November 21, 2013, Kramer Levin hosted a seminar entitled "Catch the Trend: Life Insurers, Private Funds and Capital Requirements – Issues & Insights " at the firm's New York offices.

Two interrelated areas in the insurance sector have been under increased regulatory and journalistic scrutiny recently — life insurance company capital, and fund acquisition and ownership of insurance businesses. This seminar explored the following:

• Alleged abuses caused by certain kinds of captive reinsurance structures;
• Developments in this space from the standpoint of insurers, funds, regulators and others;
• Recent actions by the NAIC and state insurance departments that pose challenges for securitizing or otherwise monetizing insurance reserves;
• Risks for private funds acquiring insurers; and
• Opportunities and observations on how to navigate these choppy waters.

The distinguished panel of speakers included:

• Steven M. Goldman, Partner and Co-Chair of Insurance Practice Group, Former N.J. Insurance and Banking Commissioner, Kramer Levin
• Daniel A. Rabinowitz, Partner and Co-Chair of Insurance Practice Group, Kramer Levin
• Kermitt Brooks, Managing Director and Associate General Counsel, AXA Equitable; Former Acting Superintendent, NY Insurance Dept.
• Jared Wilner, Director and Corporate Counsel of Annuities Law Department, Prudential Insurance Co.; Former Assistant Counsel, NY Insurance Dept.