The European Insurance and Occupational Pensions Authority (EIOPA) asked insurers on Thursday 2 April to temporarily suspend dividend payments and share buybacks in order to be able to bear the repercussions of the economic crisis triggered by the COVID-19 outbreak.
“Taking due account of the current level of uncertainty on the depth, magnitude and duration of the impacts of COVID-19 in financial markets and on the economy, EIOPA urges (re)insurers to temporarily suspend all discretionary...