Insurers may be better off not separating non-traditional, non-insurance business, says top lawyer

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The costs of separating non-traditional and non-insurance (NTNI) activities from traditional insurance activities may persuade systemically significant insurance groups to leave their structure unchanged despite greater capital requirements, according to a top insurance lawyer.

Firms designated as global systemically important insurers (G-Siis) will, after 2019, be required to hold an additional regulatory buffer, the so-called high loss-absorption (HLA) capital charge, for their NTNI activities

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