NU Online News Service, May 12, 1:51 p.m. EDT
European Union captive insurers most likely will see higher costs, increased capital requirements and tightened enterprise risk management standards with Solvency II implementation, says rating agency A.M. Best Co.
In a special report, A.M. Best says captives' current market environment is bound to change dramatically with the increased requirements the European risk-based regulatory regime represents. It will lead parent companies to re-evaluate the role of their captives and the value they add to their organizations while it appears inevitable that capital requirements for captives operating within the EU will increase dramatically.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
