Fed May Try To Regulate Non-SIFI Life Insurers

As part of its new role under Dodd-Frank, the Federal Reserve is responsible for regulating life insurance companies that have been designated as systemically important financial institutions (SIFIs), but according to Chicago-based Fitch Ratings the Fed might be taking a look at how life insurance companies of all sizes use captive insurance for risk management. RBC Capital Markets analysts Eric N. Berg and Bulent Ozcan organized a series of meeting between investors and experts at Fitch, including Doug Meyer, the head of life insurance analysis at Fitch, who mentioned a recent Fed white paper that was critical of life insurance…