AUSTRALIA’S INSURANCE REGULATOR PROPOSED EXPOSURE LIMITS OF LIFE INSURERS TO OFFSHORE REINSURERS

Highlights:

• The insurance regulatory body of Australia proposed exposure limits of the life insurers to the offshore re-insurers
• The APRA said that, it had been starting a consultation period for setting a standard
• The APRA is also planning to raise its aggregate limit for the value of assets

On Thursday, the insurance regulator of Australis has proposed for limiting th....