Aegon added to FSB’s list of 9 too-big-to-fail insurers

November 3, 2015 by Sarah Jones

(Bloomberg) — Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., has been added to a list of insurers deemed systemically important by global financial rule makers, while Italy’s Assicurazioni Generali SpA was removed.

The updated list of nine too-big-to-fail insurers was published by the Financial Stability Board, the Basel, Switzerland-based organization set up by the Group of 20 nations. The inclusion of these companies means they may face tougher capital standards and tighter regulation. The list was first published in 2013.  Click HERE to read article 

Originally Posted at LifeHealthPro on November 3, 2015 by Sarah Jones.