Insurers grabbing 'structural premiums' as banks step back
The relatively benign impact of Solvency II compared with banking regulation is enabling insurers to take opportunities banks are being forced to miss
Insurers and asset managers are increasingly benefiting from opportunities to profit from short-lived market imbalances as regulation forces banks to scale back trading.
Aviva Investors in the UK, Fosun in China and Berkshire Hathaway and Athene in the US, are among those eyeing openings created by less onerous capital requirements for insurers compared with banks.
"Insurers have significant advantages compared with other investors, particularly post-crisis," according to Paul Fulcher, managing
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