EU insurance regulatory agencies require private equity buyers to take a long-term view.
The European insurance regulatory agency stated that private equity companies seeking to acquire European insurance companies must prove that they can safeguard policyholders' interests in the long term, rather than pursuing short-term profits. EIOPA Chair Gabriel Bernardino said that private equity ownership can bring capital, expertise, and competition. "If you claim to be a long-term investor, you should truly commit to long-term investment, and 'long-term' does not just mean five years," she said.
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