The European Insurance Supervisory Authority said that private equity firms seeking to acquire European insurance companies must prove that they can protect the interests of policyholders in the long term rather than pursue short-term profits. European Insurance and Occupational Pensions Authority Chairman Silkma said private equity ownership can bring capital, expertise, and competition. “If you claim to be a long-term investor, you should really stick to long-term investments, and the term 'long-term' is by no means just five years,” she said.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.