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Dec 20, 2012, 06:15 ET With Goals Achieved, GNAIE Ends Successful Role As Influence On Accounting, Solvency Standards

After nearly ten years of effectively shaping the development of high quality international accounting and solvency standards, the Group of North...


Oct 07, 2011, 05:57 ET Current Insurance Accounting Proposals Are Fatally Flawed and Unworkable, Says GNAIE

The current set of insurance accounting proposals now under consideration by international accounting standards setters are fatally flawed and...


Sep 23, 2011, 02:37 ET GNAIE Launches Twitter to Promote International Discussion of Insurance Accounting and Solvency Standards

The Group of North American Insurance Enterprises (GNAIE), the only trade association that focuses exclusively on accounting and solvency issues, is...


Sep 06, 2011, 11:30 ET North American Insurers Ask FASB to Consider Separate Models for Short-Duration Non-Life and Long-Duration Life Contracts

Citing significant investor concerns with proposed modifications to accounting standards for short-duration non-life insurance contracts, North...


Apr 04, 2011, 08:58 ET North American Insurers Commend World Economic Forum Report Citing Inadvertent Costs of Mark-to-Market Accounting

Insurers praised a new report from the World Economic Forum which observes that mark-to-market accounting can limit the ability to make long-term...


Mar 22, 2011, 10:34 ET Liberty Mutual Joins Group of North American Insurance Enterprises

Liberty Mutual Group has become the newest member of the Group of North American Insurance Enterprises (GNAIE), the only trade association that...


Feb 09, 2011, 12:05 ET Insurers Praise FASB Decision To Pursue Convergence Agenda

The Group of North American Insurance Enterprises (GNAIE) commended the Financial Accounting Standards Board (FASB) on today's decision to work with...


Feb 01, 2011, 12:15 ET Insurers Concerned That Upcoming IASB/FASB Discussions on Insurance Contracts Will Not Address Key Issues

The following is being issued by the Group of North American Insurance Associations, the American Council of Life Insurers, the National Association...


Sep 17, 2010, 05:07 ET GNAIE Welcomes FASB Insurance Contracts Discussion Paper

Group of North American Insurance Enterprises (GNAIE) Executive Chair Jerry de St. Paer today welcomed the issuance by the US Financial Accounting...


Sep 09, 2010, 08:00 ET Insurers See Shortcomings in Updated Accounting Standard for Financial Instruments and Hedging Activities

North American insurers and reinsurers expressed concern that the Financial Accounting Standards Board (FASB) proposed Accounting Standard Update...


Aug 24, 2010, 06:06 ET GNAIE Files Early Comment Letter to IASB on Insurance Contracts Exposure Draft: Offers Alternative to Premium Allocation Approach for P/C Insurance Contracts Accounting

North American insurers and reinsurers filed an early comment letter to the IASB that offers an alternative to the Premium Allocation Approach...


Jun 22, 2010, 07:08 ET GNAIE Applauds Direction of FASB on Short-Term Insurance Contracts

The Group of North American Insurers (GNAIE) commended the Financial Accounting Standards Board (FASB) for moving toward a model for calculating...


Jun 04, 2010, 08:00 ET North Insurance Industry Urges IASB to Reconsider Single Accounting Model for Life and Non-Life Insurance Contracts

The Group of North American Insurance Enterprises (GNAIE), an association representing the Chief Financial Officers of major life insurance companies ...


Jun 03, 2010, 01:29 ET GNAIE Praises Modified IASB-FASB Convergence Timetable

North American insurers and reinsurers applauded the joint decision of the International Accounting Standards Board (IASB) and the Financial...


May 14, 2010, 05:39 ET North American Insurers Support Recommendations of NAIC Task Force on Accounting Standards

North American insurance and reinsurance companies support recommendations of an actuarial task force of the National Association of Insurance...


Feb 19, 2010, 03:00 ET North American Insurers Urge Use of Earned Discount Rate for Life Insurance Liabilities as Opposed to Risk-Free Rate

Life insurance contract liabilities should be discounted using an earned discount rate as opposed to a risk-free rate, according to the Group of...