Tag Archives: Solvency II

IMN 2011: prolonged uncertainty to stifle debt markets

With the world’s eyes on Europe’s politicians today after finally reaching an agreement with private investors in Greek sovereign debt to accept a 50% haircut, the consequences for European real estate debt markets are palpable. Since the summer, market visibility … Continue reading

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Brussels ponders tougher commercial Solvency II capital charge

European Commission officials have proposed splitting the Solvency II capital charge between residential and commercial in a move that would see an even more onerous charge for insurers’ direct commercial property investment risks, CoStar News can reveal. Under the proposals, … Continue reading

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Solvency II delay will bring much-needed time for regulators and insurers alike

The European Union’s proposed implementation delay for Solvency II will provide regulators and insurers with much-needed breathing space, but is unlikely to boost lobbyists’ efforts to reduce the overly prudent 25% capital charge. Solvency II includes new rules which define … Continue reading

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Insurers and pfandbrief banks have the edge on senior debt margins

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Insurance companies and pfandbrief-funded banks are able to provide the cheapest cost of senior debt, CBRE research shows. While insurers, such as Legal & General, AXA and Allianz, are enticed by the relatively attractive margins senior debt now commands and … Continue reading

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To lend or to own – the capital question

The scale of the incentive for insurers to lend, rather than directly own real estate, under Solvency II, is immense. The proportion of capital which insurers will need to hold in reserve against direct property – the capital charge – … Continue reading

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