Internationally Active Insurance Groups
As insurance companies have expanded their global presence, it has become necessary to have an established framework for the supervision of insurance groups that have a large international presence. This framework allows for effective group-wide supervision across varying global jurisdictions.
Pursuant to Neb. Rev. Stat. §44-2154, the director may determine whether or not an insurance holding company system is an international insurance group based on established criteria.
Additionally, pursuant to the criteria defined in Neb. Rev. Stat. §44-2155, the Director of the Nebraska Department of Insurance shall appoint an appropriate group-wide supervisor for an international insurance group.
Nebraska’s Supervision of Internationally Active Insurance Groups
The internationally active insurance groups where Nebraska is the group-wide supervisor are as follows:
|Holding Company Name||Effective Date|
|Berkshire Hathaway, Inc.||January 2020|
|Pacific Mutual Holding Company||February 2023|
Please contact Lindsay Crawford if you have any questions regarding internationally active insurance groups.
Chief Financial Regulator
Nebraska Department of Insurance
PO Box 95087
Lincoln, NE 68508-5087