Insurers involved in risky activities outside their core business, such as derivatives trading, should hold extra capital to limit the danger they might destabilize the financial system if they go bust, global regulators said on Wednesday. The capital charge is …
State insurance commissioners in the U.S. have agreed to adopt a code that helps track insurers doing business in multiple countries. The National Association of Insurance Commissioners (NAIC) said it will add the Legal Entity Identifier (LEI) to insurance industry …
New rules to ensure no insurance company is too big to fail are set to be drawn up in time for the 2012 meeting of G20 leaders, although unlike banks they may not include capital surcharges, according to industry supervisors. …
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