Description: From a session at a meeting of the Society of Actuaries held in San Diego, CA, June 22-23, 2000 This session focused on the advantages and practical applications of offshore reinsurance. Topics included: · Types of reinsurance · Brief history of the development of the offshore market · Tax and regulatory advantages · Number of reinsurers and size of market · Risks that offshore reinsurance can best address · Financial reinsurance arrangements · Impact of Regulation XXX on demand and price · Regulatory considerations · Details of the use of letters of credit

Description: 1999 SOA Annual Meeting, San Francisco. Panel of experts provided an overview of expanding insurance and reinsurance markets in Mexico and South America Argentina, Brazil, and Chile and the North American offshore market. They explained the role of reinsurance in these markets, including development, growth, products, solvency/capital requirements, financial reporting, and regulatory aspects.