Author: Greg Winterton

Contributing Editor

The European Insurance and Occupational Pensions Authority (EIOPA) has turned its head towards the almost zeitgeist topic of ‘private equity’ ownership of life insurers. On 3rd February, it published ‘Consultation on supervisory statement on the authorisation and ongoing supervision of (re-)insurance undertakings related to private equity’, a new consultation paper that is “seeking to address the risks and ensure high-quality and convergent supervision of (re-)insurance undertakings related to private equity firms, considering their specific nature and risks.” While not being a Supervisory Statement as yet, this Consultation Paper could be seen as a new ‘manual of expectations’ for national regulators. The document covers four main areas: the PE firm’s acquisition strategy and business model;…

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