05/11/24 (Agence Europe) – On Tuesday 5 November, the Council of the European Union adopted two legislative texts revising the ‘Solvency II’ Directive, the EU’s main piece of insurance legislation, and introducing new rules on insurance recovery and resolution (IRRD). The legislative package was launched in September 2021 by the European Commission (see EUROPE B12796A7). Negotiators from the European Parliament and the Spanish Presidency of the EU Council reached an agreement on...