Capital charges no obstacle to infra investment – Montalvo

Regulator: poor risk-return the real barrier to insurers becoming more active

Carlos Montalvo

Infrastructure capital charges are not too high and insurers are wrong to blame them for getting in the way of investment, according to a senior regulator.

Speaking at a London conference on March 3, Carlos Montalvo, executive director at the European Insurance and Occupational Pensions Authority (Eiopa), defended the current calibration of infrastructure capital charges under Solvency II in the face of criticism from fellow panellists.

Montalvo read to delegates a statement from Zurich Insuranc

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