Letter to the G-20 Finance Ministers

31 March 2009

Today, The Geneva Association, the leading think tank, releases a letter co-signed by the CEOs of the world’s largest insurance and reinsurance companies to the Finance Ministers of the G-20 Governments. Ahead of the G-20 meeting to be held in London on April 2, the letter outlines the key aspects of the future shape of an effective and efficient regulatory and supervisory framework for the global insurance industry. The CEOs call for any future sector regulation to take into account the specific characteristics of the insurance business model, avoid pro-cyclical effects and strike an appropriate balance between financial stability, consumer protection and a level competitive playing field. The letter is signed by the CEOs of 49 companies, including Allianz, Aviva, AXA, Generali, Munich Re, Prudential, Swiss Re, Tokio Marine and Zurich.

The press release

The full letter with a list of all signatories

For any enquiries please contact: Dr. Kai-Uwe Schanz, Special Advisor to The Geneva Association

Email: kaiuwe_schanz@genevaassociation.org
Phone: +41 22 707 66 80