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Thomas Leonardi
In network coverage since September 9, 2026 · 1 story
Network coverage
Insurance regulation
NAIC moves jurisdiction risk from checklist to capital charge
A memo from the NAIC National Meeting instructs the Life Risk-Based Capital Working Group to develop a capital charge for cessions outside reciprocal jurisdictions, putting the Cayman gap in the capital formula and turning Bermuda's earned recognition into a capital advantage.