September 2011 - Ruxley predicts increase in APH reserves
Solvency II will create a capital and reporting crunch for European insurers that hold US asbestos pollution and health hazard (APH) liabilities. Research by Ruxley Ventures finds they will face greater scrutiny of their financial accounting of these liabilities, which in turn may require such insurers to increase their reserves to cover them.
Source: Run-off and Restructuring 5th September 2011
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