Insurers will be tied to triple-A rated government debt
UK insurers have stepped up their campaign against Solvency II rules that they claim threaten their business, the FT reports.
Tim Breedon, chief executive of Legal & General, last week called the Solvency II rules in their current form a "betrayal of savers".
Regulatory staff, analysts and executives have also realised that the changes could cause big problems for governments and companies, the FT said.
The rules will make it expensive for insurers to invest in any debt that is not a triple-A rated government bond.
