FRANKFURT May 7 Munich Re does not
expect persistent low interest rates to eventually force it to
shore up capital in its life insurance business, Munich Re's
chief financial officer said.
"We do not foresee that we have to inject capital into our
life primary insurance subsidiaries," Joerg Schneider said in
response to an analyst's question on a conference call.
Schneider said he hoped that there would soon be a
"reasonable solution" for the treatment of long-term life
insurance business under new Solvency II risk capital rules for
insurers, which are expected to come into force in 2016.
(Reporting by Jonathan Gould; Editing by Christoph Steitz)