Insurer global capital standard must be 'simple and pragmatic' says Ace risk chief

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International standard setters were urged today not to rush plans to develop a global capital standard for insurers or risk developing a regime that is detrimental to global groups and their customers.

Sean Ringsted, chief risk officer and chief actuary of Ace Group, told delegates at Insurance Risk Europe that developing an appropriate capital standard was a huge challenge.

"The International Association of Insurance Supervisors (IAIS) is trying to achieve something in 12 months that the

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