Treasury to amend proposals for insolvency rules for insurers
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Treasury to amend proposals for insolvency rules for insurers

Samuel Casey
07 April 2022
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The government will amend proposed rule changes to procedures that will help insurers at risk of insolvency, to ensure shareholders cannot benefit at other investors’ expense when a carrier writes down its liabilities.

In a response to a consultation on proposed reforms to procedures that will apply when an insurer is on the brink of financial collapse, the government said it acknowledged “potential fairness concerns” around the treatment of shareholders during a...

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