Leah Campbell

Leah Campbell, Tonisha Calbert | Willkie Farr & Gallagher LLP

General Background Of The Solvency Modernization Initiative The Solvency Modernization Initiative ("SMI") of the National Association of Insurance Commissioners ("NAIC")1began in June 2008 and represents a significant regulatory undertaking. Through SMI the NAIC is conducting a self-critical...

Leah Campbell, Robin Choi | Willkie Farr & Gallagher LLP

In recent months, credit default swaps ("CDS") have attracted growing public scrutiny. As defaults by sellers of these instruments have risen, there have been efforts at both the state and federal levels to regulate CDS. While the regulatory goal is to increase disclosure and transparency and to...

Leah Campbell, Marshal Bozzo | Willkie Farr & Gallagher LLP

The insurance business is regulated primarily by the states.1Legislative proposals currently under consideration by the Administration and Congress, however, may effect changes to the landscape of insurance regulation. Current federal insurance-related initiatives generally fall into three...

Leah Campbell, Serge Benchetrit, Richard Reinhold | Willkie Farr & Gallagher LLP

The regulatory treatment of hybrid securities held by insurers has recently received significant attention from the capital markets and the insurance industry. Hybrids are complex, uniquely structured instruments with characteristics of both equity and debt. Typically, they have an extended...