European insurers say Solvency II could hurt their role as long-term investors
Posted On: Sep. 2, 2014 12:00 AM CSTEuropean 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."