Finance
Three Swiss insurers added to G20 watchdog resolution plan list
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Zurich Insurance, Swiss Re, and Swiss Life join the G20's resolution plan list, aiming to prevent financial crises.
ZURICH (Reuters) -Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms that must develop resolution plans in case of insolvency, the G20's financial watchdog said on Tuesday.
The Financial Stability Board published an updated global list comprising 17 companies, up four from last year. Aside from the three Swiss firms, the FSB added Dutch insurer Athora.
The resolution plans aim to better prepare companies and their regulators for an emergency or collapse.
After the 2007-09 financial crisis, the FSB and policymakers called for the establishment of a resolution regime for insurers similar to that for banks in order to detect and contain a potential financial crisis at an early stage.
The insurance industry resisted, arguing the risk of contagion was far lower for it than for banks.
In 2022, the FSB opted to discontinue its annual identification of global systemically important insurers.
Since 2024, the FSB has instead published a list of insurance companies that must submit resolution plans. Britain has the most insurers on the list with five.
(Reporting by Alexander Huebner in Munich and Dave Graham in Zurich, editing by Thomas Seythal)
A resolution plan is a strategy developed by financial institutions to manage their operations in the event of insolvency, ensuring that they can continue to operate or wind down in an orderly manner.
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system to promote stability and prevent financial crises.
Systemically important insurers are insurance companies whose failure could trigger a financial crisis due to their size, interconnectedness, or critical role in the financial system.
Resolution plans for insurers aim to prepare companies and regulators for potential insolvency, helping to contain financial crises and protect policyholders and the broader economy.
The G20 plays a significant role in global financial regulation by bringing together major economies to discuss and coordinate policies that promote financial stability and economic growth.
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