insurer capital requirements News

Plans to Reform UK Insurance Capital Rules Not Part of ‘Deregulatory Agenda’: Minister

Britain’s plans to change capital requirement rules for insurers following its departure from the European Union are about tailoring them to local conditions rather than any “gratuitous deregulatory agenda,” its financial services minister said. Britain inherited the Solvency II insurance …

Philippine Insurers Under Pressure to Meet New Capital Requirement Amid Pandemic

AM Best believes local companies in the Philippine insurance industry will still face significant pressure on underwriting growth and profitability amid the ongoing COVID-19 pandemic with the recent rejection of a proposal to relax minimum capital requirements. A new Best’s …

Federal Reserve Plans June 3 Meeting on Insurance Carrier Capital Rules

The U.S. Federal Reserve will hold an open meeting this coming Friday on proposals, in the works for more than five years, for capital requirements and other rules for insurance companies. The central bank’s announcement last Friday came a week …

Federal Reserve Plan for Insurer Capital Standards Rests on States: Reuters

The U.S. Federal Reserve is considering a proposal for new nationwide insurance capital standards that would rely heavily on the current system of state-based regulations, according to a copy of the plan seen by Reuters and people familiar with the …

Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers

Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International Association of Insurance Supervisors has completed drafting “the first-ever global insurance …

Senate OKs Capital Flexibility for Insurers Under Dodd-Frank

U.S. regulators would gain flexibility in how they apply capital standards to insurance companies under a bill approved today by the Senate. The bill, approved by a voice vote, would ease a Dodd-Frank Act provision that imposes bank-like capital standards …

Sen. Collins: Finding the Right Capital Regulations for Insurers

The following a statement by Senator Susan Collins, a former state insurance regulator, in testimony before the Subcommittee on Financial Institutions and Consumer Protection today on capital requirements for insurance companies. She has authored an amendment to the Dodd-Frank Act …