Decision on systemically important reinsurers delayed

Designation process will be postponed until November


The designation of global systemically important reinsurers by the Financial Stability Board (FSB) has been delayed.

In the summer of 2013, the FSB indicated it would release a list of reinsurers in July 2014. This will now be postponed to November.

Nine primary insurance firms were designated global systemically important insurers (G-Siis) on July 18, 2013. The FSB is scheduled to produce an updated list of primary G-Siis in November 2014, which would coincide with the new date for publication