Watchdog pressure on dividends a ‘disaster’ for industry: Allianz’s Bäte
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Watchdog pressure on dividends a ‘disaster’ for industry: Allianz’s Bäte

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European regulation on dividends is a “disaster” for the insurance industry and “shouldn’t repeat itself”, according to Allianz CEO Oliver Bäte, speaking during the S&P Global Ratings European insurance conference.

Bäte said dividend regulation had created a huge problem for industry, as investor uncertainty over the ability to pay dividends leads to capital-cost increases.

He

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