global systemically important insurers (G-SIIs) News

Britain to Create New Regime to Deal With Big Insurance Company Failures

Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system. Regulators have already introduced rules to deal with ailing banks after …

‘Systemically Important’ Label Can Be Avoided: Fitch

Fitch Ratings said that newly established transparency about the designation process for globally systemically important insurers (G-SIIs) could help more to proactively stay off the list in the first place. The International Association of Insurance Supervisors, a global standard setting …

PCI Responds to IAIS Proposals; Urges ‘Freedom to Structure Co. Operations’

The Property Casualty Insurers Association of America (PCI) has issued a statement urging the International Association of Insurance Supervisors (IAIS) “to better target its proposed ‘policy measures’ for any insurance groups found to be ‘global systemically important insurers’ (G-SIIs) to …