Softer capital charges for bonds positive for European insurers
European Commission proposals to lower capital charges for longer-dated unsecured corporate and financial institution bonds should mitigate the capital flight from these asset classes that is a likely side-effect of Solvency II, says to Fitch Ratings.
According to Fitch, insurance companies are the largest investors in Europe, holding about 44% of European investments, €7trn of assets in total.
The previously proposed capital charges for long-dated
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