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U.S. Insurance Industry Hits Barriers In EU Under New Solvency Directive

June 17, 2016 at 12:36 PM
U.S. insurance and reinsurance companies are finding it more difficult to do business in four European Union member states as they implement a new directive seeking to create a single insurance market and setting new prudential requirements to ensure the soundness of the industry. The so-called Solvency II directive, effective on Jan. 1, also requires that U.S. insurance regulations be seen as equivalent to the EU's prudential requirements in order for companies to continue operating as they had. Short of...

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