Brussels, 26/11/2015 (Agence Europe) - On Thursday 26 November, the European Commission adopted two equivalence decisions under Solvency II, the EU's new prudential regulatory regime for the insurance sector, which harmonises the insurance regulatory framework across the EU. The decisions cover the systems in place in Japan and the Bermudas.
The European Commission says that legislation in the Bermudas is totally equivalent to EU Directive 2009/138: calculation of the solvency of an...