Cat insurers may need 10% more capital under SII, Lloyd’s warns
Lloyd's catastrophe underwriters are likely to be forced to bolster their reserves by between 5 and 10 percent under Solvency II, according to guidance issued to managing agents by the Society.
The pain in store for cat (re)insurers was flagged up in documentation on the next stage of Solvency II, which Lloyd's has sent to managing agents.
In the section on reserving, Lloyd's examines approaches to reserving for high severity-low probability claims. It favours an approach that would involve separate...
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