02.13.25

Athene CEO Urges Insurance Regulators To Go 'America First'

by: Terrance Dopp

Insurance regulators in the United States should push back on the growth of European-style regulations that could deter some long-term insurance functions, Athene Holding Ltd. Co-founder and Chief Executive Officer Jim Belardi said. At issue is the Solvency II regulations in Europe and the risk-based capital requirements used to judge insurer solvency in the United States. "We believe the Federal Insurance Office, or FIO, will be compelled to start playing America first and address something that we’ve seen lurking for some time — which is the encroachment of the European-based system known as Solvency II," Belardi said during an investor conference. "Solvency II effectively limits insurers’ ability to provide longer-duration investment-grade credit to the real economy, which is something insurers are doing more and more as investment allocations evolve."

Read the full article on BestWire