Life Insurance Firms Seek Relief as Slumping Non-Agency MBS Push Capital Requirements Higher
October 2, 2009
The U.S. life insurance industry, which held $145 billion in non-agency residential MBS at the end of last year, is continuing to call for regulatory relief from the surging capital requirements it is confronting in the wake of sustained ratings downgrades. The industry says its capital requirements have leapt five-fold to $11 billion in the first six months of the year as a result of the...