Kroes Criticizes Business Insurance Sector

Law360, New York (February 9, 2007, 12:00 AM EST) -- European Union Competition Commissioner Neelie Kroes highlighted areas of concern in Europe’s business insurance industry on Friday at a public hearing.

The Commission published an interim report on its Sector Inquiry into Business Insurance on January 24. The 164-page report found problems at varying levels of the business-insurance market that could be hampering competition, and suggested that small- and medium-sized enterprises in particular are faced with a dearth of competition.

At the hearing, which was attended by various members of the industry, Kroes summarized the report...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.