(Reuters) The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and regulatory officials say. Global banks have used common “Basel” capital rules for decades, and the $180 billion bailout for insurer AIG (AIG.N) during the 2007-09 financial crisis prompted regulators to embark on a similar standard for insurers in 2013 for the world’s top 50 insurers.
Global Insurance Capital Rule Snared in Transatlantic Divide
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