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EU Could Turn Solvency II Against Britain, Insurers Warn

Law360, London (February 26, 2019, 11:34 AM GMT) -- European Union policymakers could “weaponize” the Solvency II capital regime to damage Britain’s insurance industry if the U.K. loses its influence in Brussels after Brexit, the director general of the Association of British Insurers has warned.

Policymakers in Brussels could "weaponize" the wide-reaching Solvency II regime to weaken London's insurance market after Brexit, Britain’s top industry lobbyist is warning. (AP) Huw Evans said that EU officials could use a major review of the Solvency directive to weaken the EU’s biggest insurance market by forcing London's insurers to hold greater amounts of capital in reserve after the U.K. exits the bloc on...

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