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Summary
On June 6th, the NAIC proposed a sweeping redesign of insurance investment regulation—the most significant shift in over 30 years. Aimed at addressing the rise of private, structured, and complex assets in insurer portfolios, the changes could have broad implications for risk-based capital (RBC) requirements and the use of credit rating providers (CRPs).
Highlights include a reorganization of the Valuation of Securities (E) Task Force and the formation of the new Investment Analysis (E) Working Group and Credit Rating Provider (E) Working Group. Though still under review, these reforms could reshape insurer strategies and compliance expectations.
Join S&P Global and Lawrence Hamilton, Partner at Mayer Brown, for an in-depth walkthrough of the proposed changes, including restructured task forces, the evolving role of CRPs, and anticipated market impacts. A live Q&A will follow the session.
Speakers
S&P Global
David Knutson - CFA, FRM, CMT
Head of Industry Outreach, Chief Client Office
David joined from Schroders where he most recently worked as the Head of US Fixed Income Product Management after joining the firm as Head of Credit Research. Before moving to New York, he helped establish the US asset management business and led the research initiatives for global financials and emerging markets for Legal and General in Chicago. Prior to that David was responsible for financials research at Mason Street Advisors, the investment adviser to Northwestern Mutual. Previously he worked at UBS in risk management, debt capital markets and liability management (restructuring) and earlier started his career at Bank of America as a credit analyst and later as the research manager for Latin America. He is a Board member of the CFA Society of New York and a Board member of the Fixed Income Analyst Society (FIASI). Before leaving the buyside, David was a founder and Chair of the Credit Roundtable, a member of the Sustainability Accounting Standards Board’s Standards Advisory Group and participated on the advisory councils of several rating agencies. He earned the Chartered Financial Analyst, Financial Risk Manager and Chartered Market Technician designations and was a Rotary Scholar at the Universidad Argentina de la Empresa in Buenos Aires and also attended the University of Glasgow while earning a Masters in Finance, Economics and Foreign Languages and a Bachelors in International Studies and Political Science with Minors in History and Foreign Languages from Iowa State University of Science and Technology.
Questions?
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