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Insurance Group Solvency Supervision: Proposed Enhancements 2012


Speaker(s): H. Michael Byrne, Robert B. Kasinow
Recorded on: Jun. 27, 2012
PLI Program #: 42485

H. Michael Byrne is a partner in the firm's Insurance practice team within the Corporate & Securities Practice Group, where he advises U.S. and international insurers, reinsurers, captives and producers in structuring their business operations and obtaining regulatory approvals, including for the intitial organization and formation, M&A and restructurings. He also counsels U.S. and international insurers, reinsurers, captives and producers and negotiates with insurance regulators on a wide range of regulatory matters, including holding company act and investment law compliance.

Michael has particular experience in the area of excess and surplus lines and other nonadmitted insurance, including cross-border and captive transactions and the Bermuda and London markets, and the impact of the 2010 federal Dodd-Frank Act. He is active in the legislative and insurance department rulemaking processes in a variety of areas, is a member of the NAPSLO Legislative Committee, regularly attends meetings of the National Association of Insurance Commissioners and is a frequent speaker and writer on various industry topics.

Michael Byrne's practice is limited to advising clients on U.S. law, and he is not admitted to practice as a solicitor in England and Wales.

Education 
 Rutgers University School of Law - Camden, J.D. cum laude
 Rutgers University, B.A.

Bar Admissions 
 New York
 New Jersey


Robert B. Kasinow, CFE, ARe  
    
Bob Kasinow is currently a Director with Examination Resources (ER) a regulatory consulting firm providing services to U.S. and non- U.S. regulators. His insurance experience includes over twenty-four years as a regulator plus several years in the private insurance sector. Ongoing projects include conducting a Financial Sector Assessment Program (FSAP) update on behalf of the International Monetary Fund (IMF) and evaluation of stress tests performed by the respective insurance industry and presenting a self-assessment workshop on 2011 IAIS Core Principles to non-U.S. supervisors. His efforts continue to assist in modernizing insurance regulation in the U.S. and internationally in consideration of the global nature of insurance and reinsurance through active involvement as an observer at the IAIS and participation at the NAIC.  Additionally, at ER, Bob manages the supervision of troubled insurance entities with the objective of reestablishing them as viable insurers and contributes to risk focused analysis and supervision.
 
Prior to joining ER in Augusts 2011, Bob was Assistant Commissioner with the New Jersey Department of Banking and Insurance, Office of Solvency Regulation. He previously was Chief Insurance Examiner having been with the New Jersey Department of Banking and Insurance, Office of Solvency Regulation since 1994, and an insurance regulator since 1987.

Bob has been involved in several mutual recognition and reinsurance modernization initiatives with the National Association of Insurance Commissioners (NAIC) and International Association of Insurance Supervisors (IAIS) in consideration of the global nature of insurance and reinsurance.   He oversaw the implementation of risk-focused examinations at large multi -state New Jersey companies including property and casualty, life and health and health care entities.

Bob actively participated on the NAIC Working Groups: Reinsurance Task Force which New Jersey was Chair,  the Solvency Modernization Initiative, Rating Agency Working Group, International Solvency and Accounting Working Group, Financial Condition (E) Committee, Accounting Practices and Procedures Task Force, Examination Oversight Task Force, International Accounting and Solvency Working Groups, Financial Examiners Handbook Technical Group, and the Blanks Working Group,.

As a member of the International Association of Insurance Supervisors (IAIS) Reinsurance Subcommittee he represented the United States and the NAIC.  The goals of this committee are to foster mutual recognition and regulatory cooperation in reinsurance and related areas among jurisdictions worldwide.

Bob received his Bachelor of Science degree in Accounting from the University of South Carolina in Columbia, South Carolina.  He is a Certified Financial Examiner (CFE) and an Associate in Reinsurance (ARe).

He has been active a member of the Society of Financial Examiners serving on the Board of Governors, Executive Committee, and New Jersey State Chair.