Solvency fears for EU insurers

 
City A.M. Reporter
EUROPEAN regulators warned yesterday that insurers’ solvency is deteriorating because of persistently low interest rates and market turmoil triggered by the Eurozone debt crisis.

Europe’s top 20 insurers are in good overall financial health with average capital reserves at 200 per cent of the required minimum, but their solvency ratios have “started slightly to decrease,” EIOPA said in its twice-yearly stability report.