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Europe Daily Bulletin No. 10051

8 January 2010
GENERAL NEWS / (eu) eu/insurance
French mutual insurance groups denounce Solvency II directive

Brussels, 07/01/2010 (Agence Europe) - An initiative was launched at the meeting of French mutual insurance group companies denouncing the new “Solvency II” directive, definitively endorsed in November 2009. In an online “blog” and petition, it considers that the European rules applicable at the end of 2012 will entail a rise by way of 40% in capital requirements compared to simulations carried out shortly before such rules were adopted, according to recent work by the European...

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