EU's Solvency II Deal Buoys Insurers As Deadline Looms

Law360, New York (November 18, 2013, 9:05 PM EST) -- A compromise that European policymakers reached last week carves a path toward an overhaul of insurance regulation on the continent, removing a dreaded barrier for U.S. insurers that do business there and comforting European insurers that have invested heavily in compliance. But despite the progress, attorneys still doubt the Solvency II reforms will be fully in place by the 2016 deadline.

The Council of the European Union, European Parliament and the European Commission struck an informal deal on Wednesday to give the commission and the fledgling...
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