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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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 following the massive public rescue of insurer AIG in the United States during the 2007-2009 financial crisis.
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