Insurance Execs Slam Proposed 'Too Big To Fail' Standards

Law360, New York (July 31, 2012, 3:12 PM EDT) -- Executives at the world's top insurers and reinsurers urged the International Association of Insurance Supervisors on Tuesday to rework its proposed methodology for identifying "too big to fail" insurers, pushing regulators to home in on risky activities and shift the focus away from traditional insurance.

In a formal response to the IAIS proposal for identifying global systemically important insurers, the Geneva Association, an international insurance think tank comprised of CEOs at major insurers and reinsurers, said its research has shown that traditional insurance activities are not...
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