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European insurers say Solvency II could hurt their role as long-term investors

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European insurers have said that Solvency II could affect their role as long-term investors, reported Bloomberg.

The rules require companies to hold "inappropriately high amounts of capital against their long-term investments," said Michaela Koller, director general of Insurance Europe.

Ms. Koller said insurers would find it more expensive to invest in long-term government and corporate bonds, and in "growth-stimulating activities, such as infrastructure projects."

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