Dinallo Signs Compact with Macau

New York State Insurance Superintendent Eric Dinallo announced last week he has signed a memorandum of understanding with Antonio Jose Felix Pontes of the Board of Directors of the Autoridade Monetaria de Macau, Macau’s insurance regulator, to share information and conduct joint reviews of insurer activities.Macau is one of two special administrative regions of the People’s Republic of China. Hong Kong is the other."As insurance becomes increasingly globalized, regulators must closely cooperate across national boundaries to ensure the safety of the industry and protect policyholder...