Tiner defends insurance margin changes

The announcement had sparked a rally in equity prices and a tightening of credit spreads on life assurers’ securities.

“In my letter, I sought to make clear that, where the existing rules were requiring excess prudence, we would be prepared to relax those rules,” said Tiner, who is head of the FSA’s consumer, investment and insurance directorate. “However, insurance companies would need to demonstrate that in their particular case the existing rules were excessively prudent. They would do

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: