Euro Parliament OKs Reinsurance Directive

The European Parliament today approved a European Union reinsurance directive that would standardize reinsurance regulation in all 25 member countries within three years.Under the ...

By Michael Ha | Updated on February 11, 2005

The European Parliament today approved a European Union reinsurance directive that would standardize reinsurance regulation in all 25 member countries within three years.

Under the approved legislation, all EU member countries would adopt standardized supervisory rules and introduce level regulatory requirements for reinsurers operating across the continent.

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