Berlin: We've started reform of interest-rate reserve fund for life insurers

BERLIN (Reuters) - German Deputy Finance Minister Joerg Kukies said on Thursday that Germany had started to revise the interest-rate reserve fund for German life insurers.

Kukies, deputy finance minister with responsibility for financial market policy and European issues, had said last month that the interest-rate reserve fund, known as the ZZR in Germany, should be built up, but in smaller increments.

(Reporting by Klaus Lauer; Writing by Michelle Martin; Editing by Tom Sims)