Once again i'd like to throw myself open to the combined brain power available through Accounting Web.
Could somebody explain to me the significance of Tier 1 capital within the assets of say an insurance company?
I am also interested to know to what extent this capital is protected if provided by an outside investor.
Again there is a real reason for asking this question but it is connected with a financial product which cant be named because it would constitute advertising on my part.
Thanks to anyone who can enlighten me.