Global Insurers Fight Placement On Risk List

Law360, New York (February 18, 2011, 3:38 PM EST) -- A coalition of global insurers including Munich Re and Liberty Mutual Insurance Co. is challenging a decision by regulators to single out certain major financial institutions for extra scrutiny over fears their collapse could threaten the financial system.

The Geneva Association, an international insurance think tank that represents nearly 90 chief executives of top insurance and reinsurance companies, said in an open letter to the finance ministers and central bank governors of the G-20 top economies, published Thursday, that the decision to develop such a list...
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