UPDATE 1-Big insurers welcome regulators' rethink of sector risks [Reuters]
Aegon Ltd. New York Registry Shares (AEG)
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Source: Reuters
Big insurers welcome regulators' rethink of sector risks | Reuters 4 Min Read LONDON (Reuters) - Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier for the industry. The Financial Stability Board said on Tuesday it could take a different approach to assessing risk which would change the way it compiles a list of “systemically” important insurers that must comply with tough rules to cushion them against losses. Reuters reported the rethink earlier this month, marking a victory for insurers following pressure from the U.S. Treasury. The FSB, which coordinates financial rules across the Group of 20 (G20) economies, first created its list of globally systemic insurers in 2013 and updates it each November. The aim of the FSB list is to ensure that big insurers comply with extra requirements such as “higher loss absorbency” and closer scrutiny. But the FSB, based in Basel, Switzerland, said work by insurance regulator
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AEG
Sec Filings
- 4/10/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/4/24 - Form IRANNOTICE
- AEG's page on the SEC website