Are "Too Big To Fail" Insurers About To Have Their Tags Changed?

Wednesday, December 7th, 2016 Legislation & Regulation

They are not just two of the biggest names in insurance, but they are two of the biggest names in the financial world — so much so that American International Group (AIG) and Prudential Financial are, apparently, “too big to fail”. The label “too big to fail” is a tag slapped on “systematically important” financial institutions (or Sifis for short) — in other words, businesses or financial organizations that are of such importance to a country’s economy that its central bank or government feels it must take measures to prevent it from ceasing to trade or going bankrupt.

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http://www.ibamag.com/us/news/breaking-news/are-too-big-to-fail-insurers-about-to-have-their-tags-changed-41468.aspx

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