EU Insurance Watchdog Calls for Long-Term Commitment From PE Buyers

Business Insider (Poland)

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The European insurance regulator wants to tighten its oversight of private equity funds acquiring insurers. The regulator emphasizes that insurance businesses require long-term stability, so investors seeking quick profits must expect increased scrutiny.

Versicherungswirtschaft-heute

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Ownership

Private equity companies that want to take over European insurers face higher regulatory hurdles. If you want to gain a foothold in the European insurance market, you will have to prove in future that you support policyholders in the long term and not just aim for a rapid return. This is clearly stated by the European supervisory authority Eiopa. The contribution Eiopa pushes the bar to fast private equity money first appeared on insurance busin…

Portfolio

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The European Insurance and Occupational Pensions Authority (EIOPA) has said that private equity funds looking to buy European insurance companies must demonstrate that they can support customers in the long term and are not just driven by quick profits. Petra Hielkema, President of the European Insurance and Occupational Pensions Authority (EIOPA), stressed that while private equity can bring capital, expertise and competition to the sector, own…