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A$4.91 -0.0  -0.4%

Last Trade - 14/05/21

Sector
Financials
Size
Large Cap
Market Cap £6.66bn
Enterprise Value £8.00bn
Revenue £7.44bn
Position in Universe 49th / 1913

BRIEF-Australian APRA Releases Consultation To Enhance Oversight Of Life Reinsurance Market

Thu 8th April, 2021 4:44am
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)

 ((Reuters.Briefs@thomsonreuters.com;))
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