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BRIEF-Norway insurers could make more non-insurance investment -ministry
April 5, 2017 / 10:07 AM / 8 months ago

BRIEF-Norway insurers could make more non-insurance investment -ministry

April 5 (Reuters) - Norway’s Finance Ministry said on Wednesday:

* Insurance companies should be allowed to hold stakes bigger than 15 percent in other companies

* Says liberalising insurer rules would allow investment of pension funds in infrastructure such as in transportation and energy

* Says financial regulator (FSA) will be asked to draft a plan to change the rules currently preventing insurers from owning more than 15 percent of non-insurance companies

* Draft from FSA should be presented by June 1 and will be sent on a round of hearings to relevant institutions

* Says new capital requirements that have been introduced in recent years made the old restrictions less relevant Source text in Norwegian: Further company coverage: (Reporting by Terje Solsvik, editing by Camilla Knudsen)

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