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Global regulators finalise new capital rules for nine biggest insurance firms

These insurers will have to hold additional buffer in a move that aims to prevent taxpayer bailouts of the industry in a crisis

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The nine companies, whose collapse could wreak havoc in global markets, include AIG and MetLife from the US, Britain's Aviva, Ping An Insurance of China, Italy's Generali, and Axa of France.

London

THE world's nine biggest insurance companies will have to hold more capital under new rules just finalised by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis.

Regulators decided to look at the multi-trillion dollar insurance industry