Regulators Target Risky Business By Too-Big-To-Fail Insurers

Law360, New York (October 17, 2012, 4:12 PM EDT) -- The International Association of Insurance Supervisors is calling for tougher capital requirements to cover too-big-to-fail insurers' riskier noninsurance activities, part of a proposal for regulating global systemically important insurers unveiled Wednesday.

The international group of insurance regulators has been studying methods to identify systemically important insurers, as well as policies that would apply to the companies, prompted in part by American International Group's near-collapse during the 2008 financial crisis.

The IAIS's proposed framework of policy measures for G-SIIs would push insurers to separate systemically important noninsurance...
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