Insurers resist regulatory efforts to deconstruct "too big to fail" risk.

FT: Insurers are pushing back against regulators trying to prevent a repeat of AIG’s collapse, making a last-ditch effort to avoid capital surcharges. “In a series of submissions to global supervisors seen by the Financial Times, insurers warn that plans to designate some of them as ‘too big to fail’ are incoherent, impractical and simplistic.”