April 8 (Reuters) - Australian Prudential Regulation Authority:
- RELEASES CONSULTATION TO ADDRESS CONCERNS OVER INCREASED USE OF OFFSHORE REINSURERS BY LIFE INSURERS
- PROPOSED UPDATES WILL IMPOSE AGGREGATE LIMIT ON EXPOSURE OF LIFE INSURERS TO OFFSHORE REINSURERS, WHICH ARE NOT REGULATED BY APRA
- OFFSHORE REINSURERS THAT ENTER DOMESTIC MARKET AND BECOME APRA-REGISTERED ENTITY WILL NOT BE SUBJECT TO AGGREGATE LIMIT
- SEEKING STAKEHOLDER FEEDBACK ON REVISED LPS BY 25 JUNE; FINAL STANDARD EXPECTED BY 2021-END
Source ( https://bit.ly/2Ov32Q5)
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April 8 (Reuters) - Australian Prudential Regulation Authority:...
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