Capital rules keep insurers from real estate investments-Allianz
FRANKFURT Nov 14 (Reuters) - Insurers will invest less in real estate and infrastructure assets due to a set of new capital rules for insurers aimed at keeping policyholders safe, a senior executive at a leading European provider said on Thursday.
"Such assets classes are at a disadvantage (due to the Solvency II regime) and insurers will invest less in them," Maximilian Zimmerer, Allianz's board member responsible for the insurer's investment strategy told a journalist briefing.
He added that insurers could cope with Solvency II regulations taking effect in 2016 and that it will not prompt Allianz to make any big adjustments to its investment policy. (Reporting by Alexander Hübner; writing by Arno Schuetze, editing by Christiaan Hetzner)
- Crimea votes to join Russia, Obama orders sanctions |
- Man called Bitcoin's father denies ties, leads LA car chase
- Apple loses bid for U.S. ban on Samsung smartphone sales
- Nine-month-old baby may have been cured of HIV, U.S. scientists say
- Exclusive: Russia wants IMF to move ahead on reforms without U.S. - sources