Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms required to develop resolution plans in case of insolvency, according to the G20’s Financial Stability Board (FSB). The updated global list, published on Tuesday by the FSB, now includes 17 companies, an increase of four from the previous year. Alongside the three Swiss firms, Dutch insurer Athora was also added to the roster. Zurich Insurance Group AG is a Swiss insurance company. Swiss Re is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Swiss Life provides life insurance, risk, pensions and financial solutions.
The resolution plans are designed to enhance preparedness among companies and…