More UK Insurers Fear Missing EU's Solvency II Deadline

Law360, New York (May 24, 2012, 9:01 PM EDT) -- A growing number of U.K. insurers are worried about the insurance industry's ability to meet a January 2014 deadline for complying with Solvency II, a major overhaul of insurance regulations in the European Union, according to a study Deloitte LLP released Wednesday.

Under Solvency II, the EU will set tougher standards for the capital that insurers and reinsurers must hold to cover their risks. The reforms are aimed at harmonizing capital requirements and risk management standards for insurers across the EU.

An annual survey conducted by...
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