The current accounting standards for London-listed (re)insurers do not present an accurate picture of financial performance due to the distortions created by mark-to-market changes on bond portfolios, Stephen Catlin has told The Insurance Insider.
The current accounting standards for London-listed (re)insurers do not present an accurate picture of financial performance due to the distortions created by mark-to-market changes on bond portfolios, Stephen Catlin has told The Insurance Insider.