Stricter rules on capital requirements under Solvency II (SII) should not be an excuse for European (re)insurers to hoard capital, according to Beazley CEO Andrew Horton.
Speaking at The Insurance Insider's InsiderScope 2011 event in London today (31 March), Horton said the new regulatory regime should not contain too many surprises and cautious managers should not use it as an excuse against returning excess capital to shareholders.
But Espirito Santo analyst Joy Ferneyhough told the 300-strong InsiderScope audience that capital...
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